Trade USDCAD with spreads from 12 pips with an FCA regulated broker

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.

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Our infrastructure and team are prepared to provide all services and support without interruption. We have in place controls for human resources, communications and business continuity management and we have confirmed that our support team is equipped to work remotely.
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USDCAD (USDCAD^)

Pairing – The amount of Canadian dollars (CAD) that one can buy for every United States dollar (USD).

Position

USD – World’s most traded currency

CAD - World’s sixth most traded currency

Important factors

  • Commodities – The strength of both currencies is heavily influenced by oil prices, especially the Canadian dollar, as Canada has the second largest oil reserves in the world. Canada’s economy and currency is also dependent on the price of timber and coal, whereas the US is more affected by technological products, and, increasingly, agricultural prices.
  • Economy – The close proximity of the two countries mean that the two currencies can move in line with each other, but if the price of oil goes up, or the US economy suffers, then this pairing will be negatively affected.
  • Political factors – The recent election of President Trump saw repercussions in the value of the US dollar, whereas the seemingly stable economic and political situation in Canada means the CAD has stayed steady.
Buy
1.32391
Sell
1.32432
4.1

-0.00061 (-0.05%)

High: 1.32494
Low: 1.32387
Product Details

Trading Hours: 24 hours

Minimum Size: 1,000 Notional or 0.01 Lot

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High Risk Investment Notice: 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.

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