We construct a causal-modeling semantics for both indicative and counterfactual conditionals. As regards counterfactuals, we adopt the orthodox view that a counterfactual conditional is true in a causal model M just in case its consequent is true in the submodel M∗, generated by intervening in M, in which its antecedent is true. We supplement the orthodox semantics by introducing a new manipulation called extrapolation. We argue that an indicative conditional is true in a causal model M just in case its (...) con- sequent is true in certain submodels M∗, generated by extrapolating M, in which its antecedent is true. We show that the proposed semantics can account for some important minimal pairs nicely and naturally. We also prove a theorem showing under what conditions intervention and extrapolation will yield the same result, and thus explain how counterfactual and indicative conditionals would behave in a causal-modeling semantics. (shrink)