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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 Technical Analysis: Begrudgingly Holding Long
Euro, Yen Drop as China Stimulus Lifts Market Spirits. Will it Last?
The Euro and the Japanese Yen fell as news of a boost to Chinese stimulus efforts lifted risk appetite but investors’ chipper mood may prove fleeting.
USD/CAD Off to the Races; Uptrend Resistance Near 1.3400
US Dollar Breaks Key Support. Here are Levels We’re Watching Next
The US Dollar has tumbled through significant support versus the Euro, Japanese Yen, and other majors. What levels are worth watching next?
USD/CAD Technical Analysis: Long Position Triggered
Webinar: Global Equity Rout Fuels Massive Spike in FX Volatility
Featured setups we’ll be trading this week as global risk assets go into free-fall. Here are the updated targets & invalidation levels that matter.
USD/CAD - Minor Top or Just A Consolidation?
USD/CAD testing key support zone. Deeper correction hangs in the balance...
Robust Canada CPI to Fuel Larger USD/CAD Pullback- 1.2800 on Radar
A pickup in Canada’s Consumer Price Index (CPI) may fuel a larger correction in USD/CAD as it dampens bets for another BoC rate cut.
USD/CAD Technical Analysis: Quiet Consolidation Continues
USD/CAD Mired in Choppy 4th Wave Action

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
There are no events scheduled.

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.