In this section, you will find important USDCAD news, actionable trading ideas, and a live USDCAD chart to help you understand how the Canadian Dollar trades.

USDCAD also is known as Loonie amongst Forex traders, is the ticker symbol in FX markets that represents how many Canadian dollars you can buy with one US dollar. USDCAD is one of the major FX pairs with liquidity and narrow spreads. USDCAD is a commodity pair because the Canadian economy is a natural resources export economy. The other commodity pairs are AUDUSD and NZDUSD. Important role to the value of USDCAD plays the price of oil, due to large trading volumes of oil between the two countries. Other factors that affect the Loonie exchange rate are interest rates, unemployment, economic growth, and public deficit.

Live USDCAD Chart


Live USDCAD Chart

USDCAD Digest U.S. and Canada GDP Data

USDCAD seesaws as traders assessing a plethora of economic data from both countries. The University of Michigan's (UoM) Consumers Survey showed that the Index of Consumer Sentiment dropped to 72.5

Continue reading with a free membership account. It takes seconds to create.

[nextend_social_login style="icon"] Register


5 Things to Watch in the Economic Calendar Next Week

The economic calendar was relatively calm this week. The only major events in it were the RBA interest rate decision and the Canadian jobs numbers. The US dollar weakened against key currencies while gold price reached the highest level in more than 7 years. Global stocks wavered as US tensions […]