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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 Attempting to Break Downtrend from Mid-August - Key Levels
Market liquidity may be thinning out ahead of the holiday weekend in the United States, but that hasn't halted the barrage of news flow this morning pushing around the Euro.
USD/CAD Technical Analysis: Profits Booked on Long Trade
Dollar Run Finally Slipping as Capital Market Advance Wavers
If moderation tips the S&P 500 into a meaningful retreat, it could revive the dollar’s safety appeal. If an equity retreat is slow and steady alongside the volume drain,...
Strategy Video: EURJPY, GBPCAD, AUDNZD and Other Interesting Crosses
In today's Strategy Video, we look at crosses that range in familiarity and run through their technical and fundamental backdrops.
USD/CAD Bearish Engulfing Pattern Warns Of Further Weakness
USD/CAD is in danger of completing a double top formation on the back of a Bearish Engulfing candlestick pattern.
Sharp CAD Reversal Negates USD/CAD Bull Flag, Stuns EUR/CAD, GBP/CAD
Is the Canadian Dollar turnaround the start of a new trend or is this a one-off event?
NZ, Canadian Dollars Rise as Corporate News-Flow Drives FX Markets
The New Zealand and Canadian Dollars outperformed in overnight trade as a lull in macro event risk saw corporate news-flow driving currency market price action.
Dollar Hits 12-Month High Versus Euro, S&P 500 Crosses 2000
The positive correlation between the world’s most liquid currency and one of its premier measures of investor appetite reflect neither a faulty gauge nor a strong rise or fa...
Canadian Dollar Soars on Burger King, Tim Hortons Deal
The Canadian Dollar rose against its US namesake after Burger King Worldwide Inc. announced its acquisition of Tim Hortons Inc. for approximately US$11 billion.
USD/CAD Technical Analysis: Uptrend Support Under Fire

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
Aug 29
12:30
CAD Quarterly Gross Domestic Product Annualized (2Q) 2.7% 1.2%
12:30
CAD Gross Domestic Product (YoY) (JUN) 3.0% 2.3%

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.