Canada Housing Starts s.a Year over Year, came in at 245.7K, eating forecasts. The Building Permits, Month over Month, came...
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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USDCAD adds 0.07% at 1.3289, in quiet trading as US markets are closed for Thanksgiving. Statistics Canada reported that Canada's
The 43rd Canada Federal Election holds today and it could have an impact on the USDCAD when voting is done...
Canada’s Core Consumer Price Index for the month of July registered at 0.5%, which was better than the 0.1% that...
The Canadian Dollar is under pressure as the price of crude oil has fallen to intraday lows of $59.32. The...
The Canadian GDP data has just been released to the markets. It came in at 0.2%, which was a tad...
At 1.30pm GMT, the Canadian GDP data (monthly) will be released to the markets and may have some effect on...
USDCAD fails to show major response to upbeat Canadian jobs data. Sign up to find out why.
July’s Canadian Retail Sales came in at 0%, which was marginally better than the -0.1% market consensus figure. The Core...
The Canadian employment data features on Friday at 1.15pm, and is composed of the Employment Change and Unemployment Rate figures...