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


USDCAD News

USDCAD

USDCAD Retreat On U.S. Dismal Economic Data

USDCAD retreat as the employment data out from the U.S. shows the coronavirus crisis impact. The numbers indicate a contraction much worse than the global financial crisis.

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USDCAD

USDCAD Spikes As Trudeau Fights Two Battles At The Same Time

The USDCAD pair rose by more than 70 basis points as a dark cloud loomed over the Canadian economy. Justin Trudeau is now combating two problems at the same time. Oil price is slumping while the number of coronavirus cases is slowing.

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USDCAD

USDCAD Likely to Resume Uptrend As Crude Oil Prices Drop

The USDCAD looks set to resume the uptrending move of the last 4 months as the Canadian Dollar is taking a hit from the fresh round of the crude oil price slump. The WTI crude oil benchmark traded today at $13 per barrel, marking 19-year lows. The commodity-dependent Canadian Dollar [...]
USDCAD bank of canada

USDCAD Trades Higher As Bank of Canada (BoC) Holds Rates

The USDCAD extended its surge on Wednesday after the Bank of Canada (BoC) held rates at 0.25% as expected, following a series of emergency cuts in March 2020. The Canadian Dollar has been under pressure for several weeks following the drop in crude oil price as well as last week’s [...]
USDCAD

USDCAD Pare Early Losses As Crude Oil Price Slumps

USDCAD pares early losses as the crude oil price slumps to $21.39. The United States Redbook Index dipped to -8.3% on April 10, from the previous 0.9%, the yearly reading came down to -2%

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