• EUR/AUD 1.37217 03:45 24.02
  • AUD/JPY 86.963 03:45 24.02
  • GBP/JPY 141.517 03:45 24.02
  • EUR/USD 1.05798 03:45 24.02
  • EUR/JPY 119.325 03:45 24.02
  • AUD/USD 0.77102 03:45 24.02
  • USD/JPY 112.788 03:45 24.02
  • OIL-MAR17(WTI CRUDE) 53.980 03:45 24.02
  • GOLD VS OIL 22.1346 03:30 24.02
  • SSE180 VS CSI300 2.1859 03:30 24.02
  • TENCENT HOLDINGS 211.900 03:30 24.02
  • SHANGHAI COMPOSITE 3241.947 03:30 24.02
  • CSI 300 3463.797 03:30 24.02
  • HANG SENG F-JAN17 24040.000 03:30 24.02
  • ASX F-MAR17 5713.500 03:30 24.02
  • ASX 5742.500 03:30 24.02
  • SSE180 7571.410 03:30 24.02
  • HANG SENG 24012.350 03:30 24.02
  • AUD/CAD 1.01035 03:30 24.02
  • NZD/JPY 81.437 03:30 24.02
  • EUR/AUD 1.37232 03:30 24.02
  • CAD/JPY 86.069 03:30 24.02
  • AUD/JPY 86.965 03:30 24.02
  • GBP/JPY 141.560 03:30 24.02
  • USD/SGD 1.40747 03:30 24.02
  • NZD/USD 0.72203 03:30 24.02
  • EUR/USD 1.05810 03:30 24.02
  • EUR/JPY 119.341 03:30 24.02
  • AUD/USD 0.77105 03:30 24.02
  • USD/JPY 112.790 03:30 24.02

USD/CAD

USD/CAD: The U.S. Dollar and The Canadian Dollar

The USD/CAD (with the USD as the Base Currency and the CAD as the Quote Currency) is the currency of Canada, which is controlled and administered by the Bank of Canada, which was established in 1934. Nicknamed the ‘Loonie’, the Canadian Dollar ranks 7th in foreign exchange daily turnover.

History of the Canadian Dollar

In April of 1871, the Canadian Parliament replaced all Canadian Province currencies with the Canadian Dollar, passing the Uniform Currency Act.

The Canadian Economy

Ranked as the 14th largest Global economy, Canada has a GDP estimated at $1.90 Trillion, dominated by International trade and the service industry. It’s major export goods are aircraft, chemicals, crude petroleum, natural gas, electricity, fertilizers, industrial machinery, metals, motor vehicles, timber and wood pulp, and telecommunications equipment.

Major import goods are chemicals, crude oil, durable consumer goods, electricity, machinery and motor vehicles.

Factors Affecting the USD/CAD currency pair

Commodity prices, especially natural resources, impact heavily on the Canadian dollar exchange rate. The Canadian and U.S. Economy are heavily inter-related as the US is Canada’s largest trading partner. Therefore, any US Central Bank Federal Reserve policies, and all political events affect the Canadian Dollar.

Main export partners
United States 72.8%
EU 5.3%
UK 4.5%
China 4.4%
Germany 3.5%
Israel 3.5%

Main import partners
United States 51.2%
China 10.7%
UK 6.2%
Japan 6.2%
Mexico 5.3%
South Korea 4.4%

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