CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% 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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Trade US Dollar / Canadian dollar CFD

1.36092
0.32%
Market Trading Hours* (UTC) Open now
Closes on Thursday at 20:59

Mon - Thu: 00:00 - 20:59 21:05 - 00:00

Fri: 00:00 - 20:59

Sun: 21:00 - 00:00

  • Summary
  • Historical Data
Trading сonditions
Spread 0.00020
Long position overnight fee

Long position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.002784 %
Charges from full value of position ($-13.92)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
-0.002784%
Short position overnight fee

Short position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.005436 %
Charges from full value of position ($-27.18)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
-0.005436%
Overnight fee time 21:00 (UTC)
Min traded quantity 1000
Currency CAD
Margin 0.2%
Commission on trade 0%

*Information provided by Capital.com

  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Mar 28, 2024 1.35734 -0.00115 -0.08% 1.35849 1.35903 1.35698
Mar 27, 2024 1.35848 0.00037 0.03% 1.35811 1.36073 1.35631
Mar 26, 2024 1.35812 -0.00036 -0.03% 1.35848 1.35896 1.35519
Mar 25, 2024 1.35849 -0.00262 -0.19% 1.36111 1.36132 1.35697
Mar 24, 2024 1.36112 0.00183 0.13% 1.35929 1.36114 1.35929
Mar 22, 2024 1.36013 0.00742 0.55% 1.35271 1.36132 1.35187
Mar 21, 2024 1.35272 0.00545 0.40% 1.34727 1.35408 1.34551
Mar 20, 2024 1.34726 -0.01014 -0.75% 1.35740 1.36041 1.34713
Mar 19, 2024 1.35741 0.00395 0.29% 1.35346 1.36125 1.35344
Mar 18, 2024 1.35347 -0.00108 -0.08% 1.35455 1.35507 1.35200
Mar 17, 2024 1.35454 0.00176 0.13% 1.35278 1.35477 1.35253
Mar 15, 2024 1.35335 -0.00031 -0.02% 1.35366 1.35509 1.35093
Mar 14, 2024 1.35367 0.00719 0.53% 1.34648 1.35406 1.34588
Mar 13, 2024 1.34647 -0.00280 -0.21% 1.34927 1.34975 1.34581
Mar 12, 2024 1.34926 0.00155 0.12% 1.34771 1.35248 1.34660
Mar 11, 2024 1.34770 -0.00032 -0.02% 1.34802 1.35090 1.34687
Mar 10, 2024 1.34803 0.00028 0.02% 1.34775 1.34907 1.34751
Mar 8, 2024 1.34757 0.00232 0.17% 1.34525 1.34971 1.34193
Mar 7, 2024 1.34524 -0.00590 -0.44% 1.35114 1.35246 1.34513
Mar 6, 2024 1.35115 -0.00783 -0.58% 1.35898 1.35992 1.34981

Trading calculator

Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).

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USD/CAD

The USD/CAD currency pair is composed of the United States dollar as the base currency and the Canadian dollar as the counter currency. The USD/CAD chart represents the relationship between the American and Canadian dollars, essentially how many Canadian dollars can be traded for one American dollar. The latter has given the USD/CAD currency pair a nickname ‘loonie’, because of the loon bird, featured on Canada’s one-dollar coin. The USD/CAD boasts a remarkable trading volume as one of the world’s commodity currency pairs.
 

A brief history of the US dollar

One of the world’s most influential currencies, the US dollar dates its history back to Joachimstal, now modern-day Germany. In the town, silver ‘thalers’ were minted, each with a standardised weight – 29.2 g. These coins were widely used across the European continent and eventually found its way to the New World – America.
 
Following the American Revolution, in 1972 the newly formed US Congress instated the ‘thaler’ as the official currency, although at a slightly lighter weight – 27.0 g. This was done as a method of standardisation, following the corrupt ‘continental bill’ system.
 
Although still closely tied to the price of silver and gold, the US dollar has developed as a currency spawning a multitude of coins and notes. Today, the currency is controlled by the Federal Reserve, the central bank of the United States, established in 1913.
 
The USD is the world’s foremost reserve currency, held by numerous countries as part of their foreign exchange reserves. It also makes up six out of eight of the world’s Forex pairs. The US dollar is denoted by the symbol $.
 

The story behind CAD

The Canadian dollar is the official currency of Canada and unofficial currency to Saint Pierre and Miquelon. Issued by the Bank of Canada, it is the world’s 7th most traded currency. Also known by the nickname ‘loonie’, the currency uses the symbol $, Can$ or C$.
 
Moving from the use of beaver pelts as a form of currency in the 1600s, Canada’s currency has gone through a number of changes. By the 18th century a variety of coins were in circulation on the territory, all without a standardisation process.
 
Like the USD, Canada has a history of using the Spanish dollar or ‘thaler’ as far back as the early 1800s. Various coinages were used provincially, such as the British Columbian dollar, the Nova Scotian dollar etc. In 1867, several states merged their currencies, creating the Dominion of Canada and the Canadian dollar.
 
 

What factors affect the USD/CAD pair?

The USD/CAD shows a negative correlation to various US dollar containing currencies, such as the GBP/USD, AUD/USD and NZD/USD, due to the dollar’s role as a counter currency, rather than a base currency.
 
The USD/CAD rate is also affected by key financial players, such as the Federal Reserve (US) and the Bank of Canada. Releases and announcements from these institutions – monetary policy, interest rate changes and other key news items – influence the currency pair’s volatility.
 
Canada’s economy is heavily correlated to oil prices, due to its status as the largest oil-producer to the US market and a major player as one of the world’s top oil exporters.
 

Where can the USD/CAD pair be traded?

Explore trading on one of the world’s major currency pairs and find the latest USD/CAD share price at Capital.com. Get the most up-to-date rates with the USD/CAD charts and trade smart on the ‘loonie’ currency pair.

News

A way forward: a roundup of recent central bank decisions

Five of the world’s most significant central banks delivered policy this week. We review the decisions and discuss their impact on the markets.

12:47, 22 March 2024

Bank of Japan Preview: will the BOJ end negative interest rates?

The Bank of Japan meets on Tuesday 19th of March. We preview what to expect from the BOJ decision and how it might impact the USD/JPY and Nikkei 225.

08:44, 18 March 2024

Higher CPI leaves traders unfazed as US equities continue to build momentum

The latest US CPI reading hasn’t gone how the Federal would have hoped. Consumer prices came in higher than expected in February for the third month in a row.

12:42, 15 March 2024

Four reasons why Bitcoin is surging to record highs

Bitcoin has surged to record highs. We discuss the four factors pushing Bitcoin higher and analyse the technicals of the cryptocurrency’s technicals.

10:18, 14 March 2024

China’s National People’s Congress: The markets have again been left wanting more

China’s National People’s Congress (NPC) is underway, and the markets have so far been disappointed by what’s been delivered by the country’s central government. We look at some of the significant takeaways from the event, discuss China’s current economic conditions, and analyse the China A50.

08:23, 8 March 2024
Facade on the Federal Reserve Building in Washington DC

Central Banks: which one will cut first?

Central banks dominate the calendar in March and markets try to anticipate which one will be the first one to cut

13:14, 6 March 2024

Nvidia (NVDA) confronts high expectations for Q4 results

Nvidia is arguably the hottest company on the planet. The company reports its Q4 results after the closing bell on Wednesday, the 21st of February. We preview what to expect from Nvidia’s earnings and analyse the technicals of its stock price.

12:13, 20 February 2024

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