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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

USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.
USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
USD/CAD is at a critical juncture as it probes below the 1.1220 floor after a Doji signaled reluctance from the bulls to lead the pair.
Dollar Untroubled by Risk Swell, Rises As Peers Weaken
Investor sentiment – in the form of volatility readings and equity indexes – improved markedly this past session while rate forecasts for the Fed posted comparatively ...
USD/CAD Technical Analysis: Key Support Below 1.12 Mark
NZDCAD Outside Reversal Day Favors Short Scalps Sub-9050
An outside reversal candle off key resistance today shifts our focus to the short-side of NZDCAD. Here are the updated targets & invalidation levels.
USD/CAD 1.1070 Remains Key Pivot
USD Attempts to Fight the Correction - Levels in EUR/USD, USD/JPY
The buck is facing new headwinds after last week's FOMC minutes, but there is technical evidence that the US Dollar is fighting the correction.
USD/CAD Doji Suggests Hesitation From The Bulls Near 1.1270
USD/CAD’s swings around 1.1270 have persisted with a recent Doji formation suggesting indecision from traders.
USD/CAD Technical Analysis: Topping Confirmation Pending
EURCAD Hits Target- Long Scalps Eye 1.4457 Resistance
The EURCAD has taken out all our topside objectives with our long bias now at risk sub-1.4457. Here are the updated targets & invalidation levels.

Canadian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Oct 22
14:00
CAD Bank of Canada Rate Decision (OCT 22) 1.00% 1.00% 1.00%

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.