USD/CAD Exchange Rate

SELL 1. BUY 1. High: 1. Start trading now. Your aggregate position in this market will be margined in the following tiers: Tier Position size Margin 1 0 - 13 Contracts 0. View all our charges. Why IG? Worlds No. Forex DMA service. Trade now. Other positions taken by clients trading this market.

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Live Dollar to Canadian Dollar Exchange Rate (USD/CAD) Today

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The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains in order to form a less than impressive candlestick. The Bank of Canada released its monthly rate statement yesterday, surprising few by holding its interest rate steady at a historically low 0.

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The US dollar fluctuated during the course of the trading session on Monday as we have seen a bit of a hesitant market. Start the week of March 8, with our Forex forecast focusing on major currency pairs here.

USD/CAD Advanced Live Chart

The US dollar initially fell a bit during the trading session on Thursday to kick off the session and reach towards the 1. The US dollar fluctuated during the trading session on Wednesday to show a bit of stabilization near the 1. The US dollar initially tried to rally a bit against the Canadian dollar on Monday, but as you can see on the chart, there is a major trendline that the market was repulsed to buy.

The US dollar rallied again during the trading session on Friday, as the oil markets have finally started to show signs of cooling off a bit. The US dollar initially dipped below the 1. The US dollar initially tried to rally during the trading session on Tuesday, reaching towards the 1.

USD/CAD (CAD=X)

The Canadian dollar strengthened a bit against the US dollar during the trading session on Monday, as the pair has reached just below the 1. The major currency pairs are the most frequently traded on the Forex market , and as a result, they have huge daily trade volumes, enjoy tighter spreads and are more liquid than the minor currency pairs.

Between and , the Dominion of Canada was under the gold standard.

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At that time, the value of the Canadian dollar was fixed in terms of gold , and it was valued at par with the U. The Loonie gained its name from the picture of a bird, known as a loon, which appears on the back of the coin. Trading the Loonie requires a deep understanding of the various factors that affect the values of the US and Canadian dollars, both in relation to each other and in relation to other global currencies. For example, factors that can impact the CAD include commodity prices , such as oil and zinc, the interest rates of the country as set by the Bank of Canada BoC , employment rate , national debt levels and budget deficit, as well as the quality of the relations between the US and Canada.

Meanwhile, the rate of the USD could be impacted by the interest rates as set by the Federal Reserve, the unemployment rate in the US, the Gross Domestic Product GDP growth rates , international trade agreements, duties and tariffs, political events, consumer saving and household income rates and much more. There is a high correlation between commodity prices, especially oil, and the value of the CAD. At this time, the Canadian dollar also sunk to a low of 1.