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|Product Type: Currencies||Market: Global|
|Trading Hours: 24 hours, Mon-Fri.|
EUR/CAD represents the exchange rate of two of the top-ten global currencies – the euro and the Canadian dollar. The figure represents the number of dollars a trader needs to purchase one euro. Canada, a leading exporter of oil and gas products, is the world’s number one producer of natural uranium, and the second largest producer of hydroelectricity and other renewable energy sources. The Canadian economy, which is considered the 15th most competitive, according to the World Economic Forum (WEF), relies heavily on international trade, and has had a major impact on world trade over the past two decades. Similarly, the euro, which came into existence precisely a year before the turn of the millennium, has quickly grown to become the unquestionable runner-up reserve currency to the US dollar, and is held and used daily by more than two thirds of EU citizens.