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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

EUR/USD Prepares for its Most Important Week in Months (If Not Years!)
Time to buckle up. Volatility is a near-certainty across EUR-crosses at the end of the week, with the ECB meeting on Thursday, both Draghi and Yellen speaking on Thursday, and the...
Fed Rate Hike Cycle Doesn’t Necessarily Bode Well for US Dollar
Higher interest rates tend to support a stronger currency. For the US Dollar, gains after a December Fed rate hike are anything but certain.
Forex Positioning Warns that the US Dollar May Lose Further
Retail FX traders remain aggressively long the US Dollar versus the Euro, British Pound, Canadian Dollar, and Gold prices. Until this changes we remain in favor of buying into USD...
US Dollar Likely to Strengthen versus Canadian Dollar
Retail forex traders remain aggressively short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment keeps us focused on further USD/CAD gains.
Looking to sell a failure in USD/CAD
Price & Time: USD/CAD – Big Test Upcoming
Timing window coming to an end over next few days, 1.3460 area remains important pivot zone.
USD/CAD Technical Analysis: October Trendline Support Breaks
The US dollar continues to struggle within a corrective channel, which is letting CAD gain ground.
USD/CAD Outlook Mired by Failed Test of September High
USD/CAD may struggle to retain the bullish formation carried over from the previous month as the pair fails to test the September high (1.3456).
Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday
Setups we’re tracking into the shortened holiday week with the USD poised for its next big move. Here are the updated targets & invalidation levels that matter.
Amid Holiday, EUR/USD Prepares for Huge First Week of December
Markets are looking right through to the end of the first week of December, and for good reason: the ECB has its last policy meeting of 2015; Federal Reserve Chair Janet Yellen gi...

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:


  • (GMT-12) GMT-12:00
  • (GMT-11) GMT-11:00
  • (GMT-10) Aleutian, Hawaii
  • (GMT-9) Alaska
  • (GMT-8) Vancouver, Los Angeles
  • (GMT-7) US & Canada
  • (GMT-6) Mexico City, Chicago
  • (GMT-5) New York, Toronto
  • (GMT-4) Halifax
  • (GMT-3) Buenos Aires, Santiago
  • (GMT-2) DeNoronha, Brasilia
  • (GMT-1) GMT-01:00
  • (GMT+0) London, Lisbon, UTC
  • (GMT+1) Paris, Berlin
  • (GMT+2) Istanbul, Athens
  • (GMT+3) Moscow, Nairobi
  • (GMT+4) Dubai
  • (GMT+5) Islamabad, Karachi
  • (GMT+5:30) Mumbai, Delhi
  • (GMT+6) Dhaka, Almaty
  • (GMT+7) Jakarta, Bangkok
  • (GMT+8) Singapore, Shanghai
  • (GMT+9) Seoul, Tokyo
  • (GMT+9:30) Darwin
  • (GMT+10) Vladivostok, Brisbane
  • (GMT+10:30) Adelaide
  • (GMT+11) Melbourne, Sydney
  • (GMT+12) GMT+12:00
  • (GMT+13) Auckland, Fiji
  • (GMT+14) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Dec 1
CAD Gross Domestic Product (YoY) (SEP) 0.4% 0.9%
CAD Quarterly Gross Domestic Product Annualized (3Q) 2.3% -0.5%
Dec 2
CAD Bank of Canada Rate Decision (DEC 2) 0.50% 0.50%

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.