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 Technical Analysis – Looking for Break Above 1.11

USD/CAD Responds Before Week Open at 1.0975

Canadian Dollar Rallies on Improved Inflation Despite BoC Warning

The annual change in consumer prices retouched a 23-month high in March; Bank of Canada said yesterday that inflation rise is transitory…

Forex Strategy: Partial Profits Booked on USD/CAD

USD/CAD Risks Larger Pullback on Faster Canada Headline & Core CPI

The USD/CAD may face a larger pullback ahead of the holiday weekend as a rebound in Canada CPI limits the BoC’s scope to further embark on its easing cycle.

Strategy Video: A Pound Outlook with GBPUSD at a 1.6800 Triple Top

The British pound rally finds GBPUSD starting at 4-year highs and a 1.6800 triple top...

USD/CAD Technical Analysis – Booking Half of Long Position

USD/CAD is Near Term Bullish above 1.0975

USD/CAD & GBP/CAD Clear Resistance Ahead of Canada CPI

The Dow Jones-FXCM U.S. Dollar Index remains capped by 10,470, while the USD/CAD & GBP/CAD look poised for a further advance.

USDCAD: Bank of Canada, Poloz Comments Weaken Canadian Dollar

The Bank of Canada left rates on hold at 1.00% as expected on Wednesday morning…

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 00:55    

  • (GMT -12) GMT-12:00
  • (GMT -11) GMT-11:00
  • (GMT -10) Hawaii
  • (GMT -9) Aleutian
  • (GMT -8) Alaska
  • (GMT -7) Los Angeles, Vancouver
  • (GMT -6) US & Canada
  • (GMT -5) Chicago, Mexico City
  • (GMT -4) Toronto, New York, Santiago
  • (GMT -3) Brasilia, Buenos Aires, Halifax
  • (GMT -2) DeNoronha
  • (GMT -1) GMT-01:00
  • (GMT +0) UTC
  • (GMT +1) Lisbon, London
  • (GMT +2) Paris, Berlin
  • (GMT +3) Istanbul, Nairobi, Athens
  • (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) Adelaide, Darwin
  • (GMT +10) Brisbane, Sydney, Melbourne
  • (GMT +11) Vladivostok
  • (GMT +12) Auckland, GMT+12:00, Fiji
  • (GMT +13) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Apr 16
14:00
CAD Bank of Canada Rate Decision (APR 16) 1.00% 1.00% 1.00%
Thu
Apr 17
12:30
CAD Consumer Price Index (YoY) (MAR) 1.5% 1.4% 1.1%
12:30
CAD Bank Canada Consumer Price Index Core (YoY) (MAR) 1.3% 1.3% 1.2%

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.