The US and Canadian economies are among the largest and have strong connections between them. A vast majority of Canadian exports go to the USA. USDCAD is a commodity-dependent currency. Throughout its history, CAD rate has been influenced by energy commodities. While the USD commonly influences pair liquidity more intensively, traders know that USDCAD negatively correlates with NZDUSD and AUDUSD.
Spreads and conditions
- 100 000 USD
Most popular assets
1 day agoUSD/CAD keeps the red below 1.3200 handle, over 1-month lows
2 days agoUSD/CAD bounces off 1-month lows, still in the red around 1.3170 region
2 days agoBoC's Poloz: Global economy looks set for continued slow growth
2 days agoBank of Canada Governor Poloz speech live stream – December 12