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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: Stalling After Bearish Reversal
Scenarios for ECB, RBA and Other Central Bank Decisions This Week
There are five major central bank rate decisions scheduled this week, and most carry substantial potential for market volatility...
USD/CAD At A Crossroads As A Hammer Emerges At Critical Support
USD/CAD remains at a crossroads near the 1.0850 mark as a Hammer formation suggests the bulls may be set to return.
USD/CAD Technical Analysis: Support Held Above 1.08 Mark
Euro Bears Shouldn’t Expect QE from ECB This Week
The Euro was the worst performing major currency last week, extending its losing streak against the US Dollar to seven consecutive weeks. EURUSD’s -0.84% drop last week sunk...
Weekly Trading Forecast: NFPs, An ECB Rate Decision and Return of Liquidity
An extended holiday weekend for the US marks the end of the summer slump. Can seasonal shift leverage events like NFPs and an ECB decision to a more systemic change in volatility ...
Canadian Dollar Faces Conflicting Cues from BOC, Key US Data
The Canadian Dollar may be faced with balancing conflicting cues from a hawkish tone shift at the Bank of Canada and risk aversion triggered by Fed rate hike bets.
Trading Video: EURUSD, SPX Face Heavy Event Risk and a Return Of Liquidity
In this weekend Trading Video, we look at the key catalysts on tap and the possibilities should the dam of complacency break.
Strategy Video: Will the End of the Summer Doldrums Bring Breakouts?
In this weekend Strategy Video, we look at volatility conditions with a view of short-term opportunities as well as those high-level setups ready for a comprehensive transformatio...
USD/CAD Faces Make-Or-Break Moment As A Doji Signals Indecision
USD/CAD is at a critical juncture as a Doji on the daily suggests hesitation from the bears near the 1.0854 floor.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Sep 3
14:00
CAD Bank of Canada Rate Decision (SEP 3) 1.00% 1.00%
Fri
Sep 5
12:30
CAD Net Change in Employment (AUG) 9.5K 41.7K
12:30
CAD Unemployment Rate (AUG) 7.0% 7.0%

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.