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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: Aiming Above 1.11 Figure
USD/CAD Clears Critical Hurdle As Bullish Signal Opens Further Gains
USD/CAD has finally cracked the critical 1.0980/1.1000 ceiling which has yielded a Bullish Engulfing formation on the daily.
USD/CAD Technical Analysis: Prices Jump to 5-Month High
USD/CAD At A Crossroads With A Bearish Signal In Its Wake
USD/CAD is once again teasing traders near the 1.1000 barrier. With a Shooting Star in its wake the risk of a correction remains.
Commodity Dollars Broadly Decline as Risk Appetite Comes Undone
The Australian, Canadian and New Zealand Dollars tumbled as risk appetite fizzled around the financial markets. More of the same seems likely ahead.
USD/CAD Technical Analysis: Bulls Rejected at 1.10 Again
USD/CAD Whipsaw Sees Shooting Star Formation Emerge
USD/CAD remains at a crossroads as a Shooting Star formation warns of weakness after failing to close above the 1.1000 barrier.
USD/CAD Technical Analysis: Is a Triple Top in the Works?
USD/CAD Next Bull Leg Underway?
USD/CAD Threatens Break Above Range-Top With Bearish Candles Lacking
USD/CAD is once again teasing at a break of the psychologically-significant 1.1000 barrier with bearish signals absent.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Sep 19
CAD Consumer Price Index (YoY) (AUG) 2.1% 2.1%
CAD Bank Canada Consumer Price Index Core (YoY) (AUG) 1.8% 1.7%

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.