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

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 released at 12.30pm GMT. The report is two-pronged: the Canadian Employment Change and the Unemployment Rate. The consensus for the employment change is +11.2K jobs to be added to the [...]
USDCAD

USDCAD Consolidates Above 1.33

USDCAD trades 0.03% higher at 1.3310. USDCAD boosted last Thursday by worse than expected GDP data; the Canada Gross Domestic Product (month over month) came in at 0% below expectations of 0.1% in July. Crude oil Canada main export commodity trading 1.16% higher at 53.42 just to offset the negative [...]
USDCAD

USDCAD at Monthly High, Bulls in Control

USDCAD trades 0.08% higher at 1.3332 despite the Challenger Job Cuts from the US  dipped from previous 53.5K to 41.5K in September. Yesterday, USDCAD was boosted by worse than expected GDP data; the Canada Gross Domestic Product (month over month) came in at 0% below expectations of 0.1% in July. [...]
USDCAD Higher After Better Thank Expected US Manufacturing PMI

USDCAD Holds Gains Despite US Manufacturing PMI Slump to 47.8

USDCAD trades 0.22% higher at 1.3266 despite worse than expected ISM Manufacturing PMI; the figure came in at 47.8 below expectations of 50.10. USDCAD boosted earlier by worse than expected GDP data; the Canada Gross Domestic Product (month over month) came in at 0% below expectations of 0.1% in July. [...]
dow jones

Forex Focus on Manufacturing PMI’s

Traders will be busy today as we expect a full bag of data from both sides of the Atlantic. In European trading session we await the Swiss retail sales due at 630GMT. European PMI’s coming up next: French manufacturing PMI's at 7:50GMT, German manufacturing PMI's at 7:55GMT and Eurozone manufacturing PMI's [...]