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USDCAD

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

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Forex

·Jun 08, 2021, 10:43 BST

1.20 Looms Large for USDCAD Ahead of the BOC Decision

The Bank of Canada (BOC) is the first central bank to announce its monetary policy decision this week. The other...

Forex

·Jul 10, 2020, 18:41 BST

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...

Forex

·Jul 10, 2019, 15:00 BST

Bank of Canada Keep Rates Unchanged

The Bank of Canada kept rates unchanged at 1.75% as widely expected by markets. Bank Of Canada Governor Poloz will...

Forex

·Dec 09, 2020, 05:52 GMT

BOC Rate Decision Preview – Implications for USD/CAD

The USD/CAD price is struggling ahead of the Bank of Canada (BoC) interest rate decision. The pair is trading at...

Forex

·Mar 04, 2020, 08:00 GMT

BOC Statement Preview: USDCAD Ranges Ahead of Anticipated Rate Cut

Later today, the Bank of Canada (BOC) will announce its interest rate decision. Scheduled at 3:00 pm GMT, the central...

Forex

·Jan 14, 2020, 13:53 GMT

BoC: Bank of Canada January Rate Meeting: What to Expect? CAD

The Bank of Canada and the Canadian Dollar will come into focus on January 22, when the Canadian central bank...

Forex

·Oct 22, 2019, 16:46 BST

BoC: Business Outlook Survey Indicates Improved Business Sentiment

The Bank of Canada’s Business Outlook Survey for Q3 2019 was released a short while ago. The report indicated that...

Forex

·Oct 11, 2019, 12:35 BST

CAD in Focus as Canadian Employment Data Set for Release

The Canadian Dollar pairs (USDCAD and EURCAD) are expected to be in focus as the Canadian Employment data will be...

Forex

·Jun 04, 2020, 13:02 BST

Canada Employment Report: Implications for the USDCAD

The Canada Employment change will be released at the same time as the US Non-Farm Payrolls. Here are some ideas on how the numbers could play out and impact the USDCAD pair.

Forex

·Mar 31, 2021, 08:43 BST

Canada GDP Preview: Implications on USD/CAD

USD/CAD is consolidating as investors await Canada’s GDP numbers later in the day. The pair is down by 0.06% at...