CAD

CAD – is an abbreviation that stands for a Canadian dollar (C$), the official national currency. In the FX markets, they call it ‘loonie’ because the one-dollar coin depicts a loon.

Since Canada is part of G7 and economically stable, their currency is also somewhat reliable and foreign banks often use as a reserve. The CAD position depends significantly on the oil price as well as the USA events because the latter is the biggest trading partner for Canada.

The traditional and the most tradeable currency pair involving the Canadian currency is USD/CAD.

Back

2019-09-09 • Updated

Choose your payment system

Phone number

Select the best time for us to call you.

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

Choose your payment system

Callback