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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

The Weekly Volume Report: USD/CAD Turnover Supports Broader Trend
Instruments covered this week: EUR/USD, USD/JPY & USD/CAD
USDCAD Falls Even After Significant Miss in CAD GDP Data
Canadian GDP for May came out weaker than expected with market expectations. Here’s what to watch.
Breakout on Tap Next Week? USDOLLAR Index Eyes Flag Top
End of month rebalancing flows may curb the greenback's attempt to run much higher before the weekend.
USD/CAD Technical Analysis: Bulls Fight to Retake Control
Long USDCAD Trade Remains in Play
USD/CAD Turns Up Before March Low (former resistance)
Dollar Forecast Improves, Indicator Shows it May Rally Across the Board
The US Dollar has held key support levels versus the Euro, Sterling, and Japanese Yen. Here’s why it might continue higher against most major FX counterparts.
USDOLLAR Index Consolidates in Bull Flag Post-FOMC
Yesterday's FOMC turned out largely as expected, meaning today's US economic data will carry a bit more weight.
USD/CAD Technical Analysis: Pullback Stalls at Support
Fed Doesn’t Relieve Anxiety, GDP Will Take Shot at Dollar and Equities
What relief may have been expected from the Fed's rate decision would never come.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Jul 31
CAD Gross Domestic Product (YoY) (MAY) 0.5% 0.8% 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.