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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, USD/JPY Seen as Most Resilient USD-Pairs
Today's US inflation data should spark the greenback.
USD/CAD Technical Analysis: Treading Water Below 1.23
USD/CAD Former Resistance Line May Provide Support Near 1.21
USD/CAD Technical Analysis: Rebound Stalls Below 1.23
USD/CAD Technical Analysis: Buyers Retake 1.22 Figure
EURCAD Pullback Stalls at Support- Sub 1.3538 to Negate Bullish Bias
The EURCAD reversal is testing near-term technical support with a break lower here risking steeper losses. Here are the updated targets & invalidation levels that matter.
USD/CAD Resistance Break Opens up 1.2400s
US Dollar Reclaims Critical Price Support - Here are Next Key Levels
The US Dollar has traded above critical volume-based support versus the Euro, Sterling, and Japanese Yen. Here are the key levels we’re watching.
USDOLLAR Index Makes Attempt at Putting in a Bottom
GBPUSD and USDCAD are leading the way.
USD/CAD Technical Analysis: Loonie Drops Most in 2 Months

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

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Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
May 22
12:30
CAD Consumer Price Index (YoY) (APR) 0.8% 1.0% 1.2%
12:30
CAD Bank Canada Consumer Price Index Core (YoY) (APR) 2.3% 2.4% 2.4%

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.