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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: Familiar Trend Line in Focus
USD/CAD Technical Analysis: Looking for Fuel Below 1.08
BoE Sings Dovish Tune - How Threatened are GBP Longs?
While we are not looking to sell the British Pound, it is cautioned that a number of significant uptrends in these pairs are currently being threatened.
USD/CAD Technical Analysis: Trend Line Resistance in Focus
NZDCAD Testing Range Support Ahead of RBNZ- 9285 Key
NZDCAD is now testing critical support at the June/July range lows ahead of major event risk tomorrow. Here are the updated targets & invalidation levels.
USD/CAD Offers Range Trading Opportunities As Consolidation Continues
USD/CAD’s recent consolidation alongside an absence of key reversal candlesticks suggests there may be some potential for short-term range trading.
Managing USD Expectations with EUR/USD, USD/CAD (but not USD/JPY)
For the second day in a row the European economic calendar was particularly barren, but event risk traders will find solace in several potentially market moving data releases out o...
USD/CAD Technical Analysis: Waiting to Confirm Reversal
EUR/USD Breakdown, GBP/CAD, USD/CAD Breakouts Eyed this Week
The low frequency of economic data combined with the high intensity of emotional news headlines crossing the wires makes for trading conditions better suited for technical traders ...
Euro Starts to Slip Under Weight of Falling Inflation Expectations
Now that inflation expectations are falling, additional evidence of slowed growth can compound the issues facing the Euro in the near-term. While we anticipate exogenous influence...

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.