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



USDCAD at Daily Low after US November CPI

USDCAD trades 0.09 lower at 1.3218 making daily low after the U.S. November CPI came in at 2.1% above forecasts of 2%, the Consumer Price Index (Month over Month) came in at 0.3%, topping expectations of 0.2%. The Consumer Price Index ex Food & Energy (Month over Month) came in [...]

USMCA Agreement Reached USDCAD Unfazed

USDCAD consolidates around the 100-day moving average after the strong rebound last Friday from monthly lows boosted by strong NFP data. The U.S. Nonfarm Payrolls reported at 266K, beating forecasts of 180K in November while the Unemployment Rate came in at 3.5% below expectations of 3.6%. Today the United States [...]
USDCAD Nonfarm Payrolls

USDCAD Jumps to Daily Highs on Strong NFP Numbers

USDCAD rebounds sharply from daily lows and adds over 60 pips after stronger than expected NFP data. The United States Nonfarm Payrolls came in at 266K, beating forecasts of 180K in November. The U.S. Unemployment Rate came in at 3.5% below expectations of 3.6%. The Average Hourly Earnings (year over [...]
usdcad Bank Of Canada

USDCAD Slumps on BoC Upbeat Outlook

USDCAD slumps to daily low giving up over 50 pips after the Bank Of Canada kept it’s benchmark interest rates unchanged as widely expected by markets. The Bank Rate now is 2% and the deposit rate is 1.5%. Meanwhile another dismal data came out of U.S. as the United States [...]

USDCAD at Daily Low Ahead of BoC Decision

USDCAD gives up 0.17% at 1.3272, close to daily low in quiet trading as traders await the Bank Of Canada decision on interest rates. Another disappointment came from the United States as the ADP Employment Change came in 67,000 below expectations of 140,00 in November. The U.S. MBA Mortgage Applications [...]

USDCAD Upside Capped at 1.3320

USDCAD adds 0.05% at 1.3305 but off the daily highs after the United States Wholesale Inventories came in at 0.2% above forecasts of -0.6% in October, the Goods Trade Balance climbed from previous $-70.39B to $-66.53B in October. United States Redbook Index (month over month) dropped from previous -0.3% to -0.4% [...]