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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

Euro Struggles Ahead of Greek Election- USD/CAD Carves Lower Highs
EUR/USD marks fresh monthly lows ahead of the Greek election, while USD/CAD continues to mark lower-highs going into the U.S. 3Q GDP report.
USD/CAD to Face Fresh December Highs on Dismal Canada CPI
A marked slowdown in Canada’s headline reading for inflation may spur fresh monthly highs in USD/CAD as subdued price growth drags on interest rate expectations.
USD/CAD Technical Analysis: 3-Week Uptrend Threatened
USD/CAD Technical Analysis: Standstill Sub-1.17 Continues
Left Exposed to the Price of Oil, Canadian GDP is Revised Down
In transitioning the economy toward capital spending and exports, the CAD has been left exposed to the fluctuations in oil prices. As oil falls USDCAD reaches multi-year high.
USD/CAD Dark Cloud Cover Awaits Confirmation To Warn Of A Pullback
USD/CAD’s recent ascent may be at risk as a Dark Cloud Cover pattern awaits confirmation.
USD/CAD Technical Analysis: Selloff Stalls Below 1.17 Figure
USD/CAD Touches Long Term Fibonacci Retracement at 1.1666
USD/CAD Technical Analysis: Longest Rally in Two Months
Pound May Weaken on UK CPI, Euro to Look Past PMI Data
The British Pound may weaken as soft UK inflation data undermines BOE rate hike bets. The Euro may overlook December’s preliminary set of PMI figures.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 05:48    

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  • (GMT +12) GMT+12:00
  • (GMT +13) Auckland, Fiji
  • (GMT +14) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
Dec 19
13:30
CAD Consumer Price Index (YoY) (NOV) 2.0% 2.2% 2.4%
13:30
CAD Bank Canada Consumer Price Index Core (YoY) (NOV) 2.1% 2.4% 2.3%

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.