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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

’Make or Break’ For USD/CAD
Important directional move looming in USD/CAD?
USD/CAD Technical Analysis: Treading Water Below 1.27
USD/CAD Bullish Outside Day at Range Lows; Triangle Still Favored
Price & Time: USD/CAD On Shaky Ground?
False pattern breakout or tracing out the final leg of the consolidation?
USD/CAD Technical Analysis: Range Support Back in Focus
USD/CAD Technical Analysis: Range Resistance Holds Again
USD/CAD Triangle Idea Gaining Traction
Pound May Rise as US Dollar Falls on Bank of England, Fed Testimony
The British Pound may rise while the US Dollar falls as BOE Governor Carney and Fed Chair Yellen testify before their overseers in the US and UK legislatures.
USD/CAD Technical Analysis: Resistance Sub-1.27 in Focus
USD, CAD Data in Spotlight with Fed’s Yellen, BoC’s Poloz Speech...
Focus this week is on data from North America and speeches from the Fed and BoC.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Mar 3
CAD Quarterly Gross Domestic Product Annualized (4Q) 2.8%
CAD Gross Domestic Product (YoY) (DEC) 1.9%
Mar 4
CAD Bank of Canada Rate Decision (MAR 4) 0.75% 0.75%

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.