CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pairing – The amount of Swiss Francs (CHF) that one can buy for every Canadian dollar (CAD).
CAD – World’s sixth most traded currency
CHF - World’s seventh most traded currency
Economy – When it comes to the value of the Canadian dollar, economic news tends to be the most important factor. Interest rate news, and trade balance and unemployment statistics must be watched when trading in CAD.
Surrounding countries – The economic performance and position of the US has a large impact on Canada, and movements in the stability of Eurozone countries can have a knock-on effect on the strength of the franc.
Commodities – The franc is receptive to movements in certain commodity markets, particularly gold and oil, whereas timber, oil, and natural gas prices may affect the Canadian dollar.
Reserve – The franc may be the more popular of the two, but both the CAD and CHF are reserve currencies, meaning their price will rise when traders are looking for new safe haven options.