Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
The EUR/CAD rate tracks the price of the euro, the base currency, against the Canadian dollar, the counter currency. This currency pair is informally referred to as the Loonie. Monetary policy announcements of both the European Central Bank and the Bank of Canada will have an influence on this currency pair as well as the respective country's interest rates.