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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: Quiet Consolidation Continues
USDCAD Reversal Scalps Pending Below 1.2700 Resistance Ahead of NFPs
USDCAD has responded to key resistance with our near-term focus targeting a move lower in the pair. Here are the updated targets & invalidation levels that matter.
April Forex Seasonality Foresees Weakest Month of Year for USD
The US Dollar has picked up steam heading into April, but the QE era seasonality studies suggest showers ahead for the greenback.
USD in Holding Pattern as Calendar Turns to April, Q2
The greenback had an outstanding Q1'15, but that means little going forward.
USD/CAD Technical Analysis: Eyeing Familiar Range Top
USD/CAD Congestion Ahead- AUD/USD Support at Risk on Dismal China PMI
The lack of momentum to break/close above the 1.2800 handle may continue to produce range-bound prices in USD/CAD as the BoC endorses a wait-and-see approach.
USD/CAD Technical Analysis: Still Oscillating Below 1.28
Scalp Webinar: USD Defends Support Slope- Bulls at Risk Ahead of NFP
Archive to today’s Scalp webinar & highlighted setups ahead of key US event risk this week. Here are the updated targets & invalidation levels that matter.
USD Nearing Turn at End of Q1? Charts to Start the Week
The USDOLLAR Index continues to make headway into key short-term resistance levels that could ultimately mark a turning point for the buck.
USD/CAD Technical Analysis: Support Below 1.24 Holding

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Mar 31
12:30
CAD Gross Domestic Product (YoY) (JAN) 2.4% 2.4% 2.8%

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.