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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: Long Position Now in Play
What are the Traits of Successful Traders?
DailyFX studied 10’s of millions of real trades to answer a simple question: what are the traits of successful traders? The below articles highlight some of our key findings...
Webinar: Greek Gaps in Focus- Technical Setups in Play this Week
Setup’s we’ll be tracking this week amid the ongoing drama unfolding in Greece. Here are the updated targets & invalidation levels that matter.
Opportunities Abound in EUR- and USD-pairs after Greek Referendum
Hope emerged for a deal after Greece's unpopular finance minister abruptly resigned earlier today.
USD/CAD Technical Analysis: Digesting Above 1.25 Figure
Greece Referendum Makes for Big Headlines, Difficult Trading
Most traders seek out volatility, seeing it as quick returns rather than greater risk. That means many are watching the Greek referendum eagerly.
What to Expect From the Greek Referendum
Greece will go to the polls Sunday to decide whether to back its creditors’ proposed reforms. Regardless of a ‘Yes’ or ‘No’ vote, the path ahead is a...
Euro Faces Weekend Gap Risk with Greek Referendum Sunday
FX markets are likely to see higher volatility in the coming days.
USD/CAD Technical Analysis: 3-Day Win Streak Broken
USD/CAD Punches Through Resistance

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
Jul 10
12:30
CAD Unemployment Rate (JUN) 6.9% 6.8%
12:30
CAD Net Change in Employment (JUN) -10.0K 58.9K

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.