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CAD (Canadian Dollar)

The Canadian Dollar is often referred to as 'The Loonie', because of the loon bird that draws the attention on the $1 Canadian coin.


The CAD is the 7th most commonly traded currency in the world, and can be denoted with either a traditional '$' sign, or 'C$' to differentiate it from other Dollar-based currencies.

CAD News and Analysis

USD/CAD Overloved?
Spot testing major long-term retracement level
USD/CAD Technical Analysis: Upside Momentum Fading?
USD/CAD Technical Analysis: Vulnerable Above 1.25 Mark
CADJPY Triangle Forming At Major Support
CADJPY trying to bottom at major support.
USD/CAD Technical Analysis: A Top in Place Near 1.25?
Scalping the AUDCAD Reversal- Shorts Favored Below 9928
A reversal off multi-year trendline resistance last week shifted the short-side back into focus ahead of key data . Here are the updated targets & invalidation levels.
USD/CAD Outside Daily Reversal
AUDCAD Giving The Shorts Another Look
AUDCAD forming a bearish head-and-shoulders
USD/CAD Technical Analysis: Passing on Long Trade Setup
CADJPY Chart Supportive Of A Bounce
CADJPY testing significant support, rally in cards.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 21:14    

  • (GMT -12) GMT-12:00
  • (GMT -11) GMT-11:00
  • (GMT -10) Aleutian, Hawaii
  • (GMT -9) Alaska
  • (GMT -8) Los Angeles, Vancouver
  • (GMT -7) US & Canada
  • (GMT -6) Chicago, Mexico City
  • (GMT -5) Toronto, New York
  • (GMT -4) Halifax
  • (GMT -3) Buenos Aires, Santiago
  • (GMT -2) Brasilia, DeNoronha
  • (GMT -1) GMT-01:00
  • (GMT +0) Lisbon, London, UTC
  • (GMT +1) Paris, Berlin
  • (GMT +2) Istanbul, Athens
  • (GMT +3) Nairobi
  • (GMT +4) Dubai, Moscow
  • (GMT +5) Karachi, Islamabad
  • (GMT +5:30) Mumbai, Delhi
  • (GMT +6) Dhaka, Almaty
  • (GMT +7) Jakarta, Bangkok
  • (GMT +8) Shanghai, Singapore
  • (GMT +9) Tokyo, Seoul
  • (GMT +9:30) Darwin
  • (GMT +10) Brisbane
  • (GMT +10:30) Adelaide
  • (GMT +11) Vladivostok, Sydney, Melbourne
  • (GMT +12) GMT+12:00
  • (GMT +13) Auckland, Fiji
  • (GMT +14) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
Feb 6
13:30
CAD Unemployment Rate (JAN) 6.6%
13:30
CAD Net Change in Employment (JAN) -4.3K

The economy of Canada enjoys a robust trade relationship with The United States, and large deposits of natural resources such as Oil and Natural Gas have helped the nation build a strong export business. The Canadian Dollar has evolved into a global reserve currency, often being held by many central banks in Central and South America. This evolution into a global reserve currency began in the 1970's, when it was allowed to float against all other world currencies.