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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: Still Holding Long Position
US 2Q GDP, FOMC and NFPs Take the Reins on High Event Risk this Week
The US Dollar faces a bevy of significant economic data this week that may have a strong and lasting impact in shaping interest rate expectations.
Price & Time: Key Couple of Days for USD/CAD
Broader downtrend to reassert or uptrend just getting started?
USD/CAD Technical Analysis: Long Position Now in Play
Euro’s Low Growth, Disinflationary Rut Weighs on Traders
While policymakers have long-indicated that they want to wait until the stress tests conclude in the fall before introducing anything major, only a continued slog through the growt...
USD/CAD Technical Analysis: Familiar Trend Line in Focus
USD/CAD Technical Analysis: Looking for Fuel Below 1.08
BoE Sings Dovish Tune - How Threatened are GBP Longs?
While we are not looking to sell the British Pound, it is cautioned that a number of significant uptrends in these pairs are currently being threatened.
USD/CAD Technical Analysis: Trend Line Resistance in Focus
NZDCAD Testing Range Support Ahead of RBNZ- 9285 Key
NZDCAD is now testing critical support at the June/July range lows ahead of major event risk tomorrow. Here are the updated targets & invalidation levels.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 20:54    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
Jul 31
12:30
CAD Gross Domestic Product (YoY) (MAY) 2.3% 2.1%

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.