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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 Responds to Channel Support
USD/CAD Violent Swings Leave Bearish Pattern Lacking Confirmation
USD/CAD continues to whipsaw wildly in intraday trade which has done little to confirm a Bearish Engulfing pattern on the daily.
USD/CAD Technical Analysis: Support Found Above 1.11
USD/CAD Bearish Pattern Awaits Validation To Warn Of Deeper Pullback
The USD/CAD bulls appear to have lost their grip on the pair after struggling to hang onto the 1.1200 mark.
USD/CAD Technical Analysis: Sellers Overcome 1.12 Figure
USD/CAD Channel Support is Slightly Lower
USD/CAD Bulls Regain Their Grip Near Critical 1.1220 Floor
The USD/CAD bulls appear to be regaining some confidence after a pair of Dojis suggested some indecision from traders near the 1.1220 floor.
USD/CAD Technical Analysis: Waiting for Direction Cues
USD/CAD Tug-Of-War Endures As Dojis Signal Reluctance From Traders
USD/CAD’s violent impulsive swings have persisted as a string of Dojis denotes a lack of conviction from traders.
USD/CAD Technical Analysis: Flat-Lined Above 1.12 Mark

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Oct 31
CAD Gross Domestic Product (YoY) (AUG) 2.3% 2.5%

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.