CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

USD/CAD

United States dollar (USD) to Canadian dollar (CAD) exchange rate.

Product Type: CurrenciesMarket: Global
Trading Hours: 24 hours, Mon-Fri.
Full trading conditions >>

Description:

USD/CAD represents the number of Canadian dollars needed to buy one United States dollar. In other words, the strength of one US dollar – the strongest currency in the world, against one Canadian dollar – a relatively weaker currency, yet nonetheless one of the top 8 most traded currencies. The Canadian dollar, familiarly known as the 'loonie', is often referred to as a “commodity currency” due to its close ties to the oil industry, which makes up the lion's share of Canada’s expert portfolio. In addition to being the largest exporter of oil to the US, the country is the 7th largest producer and exporter of oil worldwide and has a volume of oil reserves third only to Venezuela and Saudi Arabia. It is not surprising, therefore, that the USD/CAD currency pair is greatly influenced by oil price changes, especially concerning US imports of Canadian crude.
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USDCAD Market Sentiment
USDCAD Chart
Support & Resistance
Jan 25, 14:48 GMT
SymbolEURUSDPivot1.1916
R31.2549S11.2456
R21.2458S21.2421
R11.2323S31.2345
Daily
Weekly
Monthly
Trading Central
Trading Conditions
Trading Hours: No data for USDCAD GMT No data for USDCAD GMT No data for USDCAD GMT
Symbol Long Position Daily Rate
Leverage Short Position Daily Rate
Spread Amount for Swap
MarketGlobalInitial Margin
Full trading conditions
EURUSD Market Analyzes
Micro Analysis, Jan 25, 14:48 GMT
US Nonfarm Payroll is a report that shows the total number of newly employed workers on a monthly level. This report does not include people employed in government service, non-government organizations or in farming sector...
Micro Analysis, Jan 25, 14:48 GMT
US Nonfarm Payroll is a report that shows the total number of newly employed workers on a monthly level. This report does not include people employed in government service, non-government organizations or in farming sector...
Micro Analysis, Jan 25, 14:48 GMT
US Nonfarm Payroll is a report that shows the total number of newly employed workers on a monthly level. This report does not include people employed in government service, non-government organizations or in farming sector...
Micro Analysis, Jan 25, 14:48 GMT
US Nonfarm Payroll is a report that shows the total number of newly employed workers on a monthly level. This report does not include people employed in government service, non-government organizations or in farming sector...

Interesting Facts:

  • Canada is home to the 9th largest economy in the world based on the gross domestic product (GDP) and the 14th largest based on purchasing power parity (PPP). It is the 5th largest energy producer, the 7th largest producer of crude oil and is overall one of the wealthiest countries in the world.
  • 70% of Canada’s exported goods are services are to the US market, which remains its most significant and most crucial importing country.
  • The differences between US and Canadian GDP growth, inflation and unemployment rates, and relations between the Federal Reserve Bank and the Bank of Canada’s interest and inflation rates are among the major factors that influence the USD/CAD exchange rate.
  • CAD is particularly popular among top-ranking banks that choose it because of Canada's relative economic soundness, strong governmental system, political and legal stability.
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