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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 At A Key Barrier As Doji Ensemble Denotes Indecision
USD/CAD continues to keep traders in suspense near the critical 1.220 barrier as a pair of Dojis highlights hesitation.
USD/CAD Technical Analysis: Stalling Above 1.12 Figure
USD/CAD Slow and Steady Uptrend
USD/CAD Rebounds After Doji Signaled Bears Were Lacking Conviction
USD/CAD is edging cautiously higher after a Doji suggested the bears were lacking conviction near the 1.1220 floor.
USD/CAD Technical Analysis: Channel Support in Focus
USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.
USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
USD/CAD is at a critical juncture as it probes below the 1.1220 floor after a Doji signaled reluctance from the bulls to lead the pair.
Dollar Untroubled by Risk Swell, Rises As Peers Weaken
Investor sentiment – in the form of volatility readings and equity indexes – improved markedly this past session while rate forecasts for the Fed posted comparatively ...
USD/CAD Technical Analysis: Key Support Below 1.12 Mark
NZDCAD Outside Reversal Day Favors Short Scalps Sub-9050
An outside reversal candle off key resistance today shifts our focus to the short-side of NZDCAD. Here are the updated targets & invalidation levels.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
Oct 31
12:30
CAD Gross Domestic Product (YoY) (AUG) 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.