Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

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, USD/JPY Seen as Most Resilient USD-Pairs
Today's US inflation data should spark the greenback.
USD/CAD Technical Analysis: Treading Water Below 1.23
USD/CAD Former Resistance Line May Provide Support Near 1.21
USD/CAD Technical Analysis: Rebound Stalls Below 1.23
USD/CAD Technical Analysis: Buyers Retake 1.22 Figure
EURCAD Pullback Stalls at Support- Sub 1.3538 to Negate Bullish Bias
The EURCAD reversal is testing near-term technical support with a break lower here risking steeper losses. Here are the updated targets & invalidation levels that matter.
USD/CAD Resistance Break Opens up 1.2400s
US Dollar Reclaims Critical Price Support - Here are Next Key Levels
The US Dollar has traded above critical volume-based support versus the Euro, Sterling, and Japanese Yen. Here are the key levels we’re watching.
USDOLLAR Index Makes Attempt at Putting in a Bottom
GBPUSD and USDCAD are leading the way.
USD/CAD Technical Analysis: Loonie Drops Most in 2 Months

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:


  • (GMT-12) GMT-12:00
  • (GMT-11) GMT-11:00
  • (GMT-10) Hawaii
  • (GMT-9) Aleutian
  • (GMT-8) Alaska
  • (GMT-7) Vancouver, Los Angeles
  • (GMT-6) US & Canada
  • (GMT-5) Mexico City, Chicago
  • (GMT-4) New York, Santiago, Toronto
  • (GMT-3) Buenos Aires, Halifax, Brasilia
  • (GMT-2) DeNoronha
  • (GMT-1) GMT-01:00
  • (GMT+0) UTC
  • (GMT+1) London, Lisbon
  • (GMT+2) Paris, Berlin
  • (GMT+3) Moscow, Istanbul, Nairobi, Athens
  • (GMT+4) Dubai
  • (GMT+5) Islamabad, Karachi
  • (GMT+5:30) Mumbai, Delhi
  • (GMT+6) Dhaka, Almaty
  • (GMT+7) Jakarta, Bangkok
  • (GMT+8) Singapore, Shanghai
  • (GMT+9) Seoul, Tokyo
  • (GMT+9:30) Adelaide, Darwin
  • (GMT+10) Vladivostok, Melbourne, Sydney, Brisbane
  • (GMT+12) Auckland, GMT+12:00, Fiji
  • (GMT+13) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
May 22
CAD Consumer Price Index (YoY) (APR) 0.8% 1.0% 1.2%
CAD Bank Canada Consumer Price Index Core (YoY) (APR) 2.3% 2.4% 2.4%

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.