Canadian Dollar

Canadian Dollar

Canadian Dollar overview

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

1 CAD to USD exchange rates chart

CAD to  exchange rates chart

Canadian Dollar news

USD/CAD - Canadian Dollar Grinds Sideways

The Canadian dollar is grinding sideways in a narrow trading range. Canadian dollar sellers because of plunging oil prices are finding plenty of buyers because of expectations for higher domestic interest rates in December. The opposing views have re-enforced ...

imperative negative
C$ notches one-week high as greenback broadly slides

Canadian dollar rises 0.2 percent against the greenback; Canadian manufacturing sales rise 0.2 percent in September; Canadian bond prices move higher.

conditional neutral
C$ climbs to one-week high as oil prices rise

* Canadian dollar rises 0.3 percent against the greenback; * Price of U.S. oil rises 2.3 percent; * Canadian manufacturing sales rise 0.2 percent in.

indicative positive
Canadian dollar notches one-week high as greenback broadly slides

The Canadian dollar strengthened to its highest in more than one week against its U.S. counterpart on Friday, extending this week's gain as the greenback broadly fell and domestic data showed that factory sales edged higher in September.

conditional neutral
USD/CAD - Canadian Dollar Tries to Rally

The Canadian dollar is making an effort to rally. It is proving to be a struggle because global risk sentiment continues to teeter between "risk-on" and "risk-off." A lack of domestic data is another issue for Canadian dollar traders. The domestic ...

imperative neutral
USD/CAD Forecast: Is The Worst Over For Oil And The Loonie?

The Canadian Dollar fell to the lower ground with oil but stabilized. A double-feature Friday brings the focus back to Canadian data. The technical picture ...

indicative negative

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