The base currency – EUR. The counter currency – CAD. The EUR/CAD rate represents the relationship between the Eurozone’s Euro and the Canadian Dollar. The cross pair boasts a large trading volume because of the expansive economic cooperation between the two. The Canadian Dollar is considered a raw commodity currency and often nicknamed Loonie, buck, Huard, or piastre (French). The EUR/CAD chart usually shows no correlation to the US stock market, especially the S&P 500. Therefore, this minor cross pair allows traders to hedge an existing position in one of the majors or to tap into EU economics while minimising undue exposure to global macroeconomic factors. To browse the latest Forex EUR/CAD chart, follow Capital.com.