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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 Setback May Prove Short-Lived With Bearish Candles Missing
USD/CAD’s ascent has encountered some turbulence which may prove transitory with a void of bearish reversal signals in its wake.
USD/CAD Technical Analysis: Trying to Expose 1.12 Threshold
USD/CAD Sets Sights Higher With Reversal Candlesticks Lacking
USD/CAD has continued its journey higher with a lack of reversal candlesticks keeping the focus on the 2014 high near 1.1270.
USD/CAD Technical Analysis: Loonie Hits Six-Month Low
ECB May Stand Pat but the Euro Will Still Foot the Bill
Euro weakness persisted versus the most liquid major currencies this past week, while the rising tides of risk aversion from high yield/high beta names at least allowed the 18 mem...
USD/CAD Eyes 1.1270 With Absence Of Bearish Candles In Its Wake
USD/CAD has managed to climb over the 1.1100 hurdle after traders disdained a bearish candlestick on the daily.
USD/CAD Trading Within Well-Defined Bullish Channel
USD/CAD Probes Above 1.1100 Ceiling As Shooting Star Discounted
USD/CAD continues to tease at a break beyond the 1.1100 ceiling as traders look past a Shooting Star formation on the daily.
USD/CAD Technical Analysis: Double Top in the Works?
Silver Breakdown Hints at USD Turning Point; EUR/USD, USD/CAD Not Done
The loss of year-plus long support in XAGUSD signals an important turning point for the US Dollar, with implications across the major USD-pairs.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Sep 30
12:30
CAD Gross Domestic Product (YoY) (JUL) 2.8% 3.1%

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.