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

1.38027
0.17%
Market Trading Hours* (UTC) Open now
Closes on Wednesday 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 $1,000.00
Overnight fee -0.002591 %
Charges from full value of position ($-12.96)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
-0.002591%
Short position overnight fee

Short position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.005629 %
Charges from full value of position ($-28.15)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
-0.005629%
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
Apr 17, 2024 1.38137 -0.00043 -0.03% 1.38180 1.38246 1.38090
Apr 16, 2024 1.38185 0.00324 0.24% 1.37861 1.38450 1.37735
Apr 15, 2024 1.37863 0.00276 0.20% 1.37587 1.37927 1.37244
Apr 14, 2024 1.37588 -0.00102 -0.07% 1.37690 1.37781 1.37541
Apr 12, 2024 1.37715 0.00836 0.61% 1.36879 1.37864 1.36813
Apr 11, 2024 1.36862 -0.00055 -0.04% 1.36917 1.37239 1.36602
Apr 10, 2024 1.36878 0.01153 0.85% 1.35725 1.37015 1.35552
Apr 9, 2024 1.35726 0.00027 0.02% 1.35699 1.35979 1.35464
Apr 8, 2024 1.35700 -0.00355 -0.26% 1.36055 1.36160 1.35680
Apr 7, 2024 1.36037 0.00149 0.11% 1.35888 1.36050 1.35884
Apr 5, 2024 1.35873 0.00441 0.33% 1.35432 1.36466 1.35397
Apr 4, 2024 1.35430 0.00217 0.16% 1.35213 1.35583 1.34772
Apr 3, 2024 1.35234 -0.00407 -0.30% 1.35641 1.35881 1.35110
Apr 2, 2024 1.35640 -0.00095 -0.07% 1.35735 1.35836 1.35556
Apr 1, 2024 1.35733 0.00521 0.39% 1.35212 1.35857 1.35141
Mar 31, 2024 1.35213 -0.00099 -0.07% 1.35312 1.35451 1.35193
Mar 29, 2024 1.35312 -0.00050 -0.04% 1.35362 1.35603 1.35251
Mar 28, 2024 1.35363 -0.00486 -0.36% 1.35849 1.36130 1.35242
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

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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For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)

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

Gold price in 2024: geopolitical tensions and rate-cut expectations keep XAU/USD supported

Investors are keeping a close eye on gold as the conflict in the Middle East escalates with a possibility of a full-scale regional war in the area.

07:56, 17 April 2024

US Earnings Season : JP Morgan, Citigroup, Wells Fargo

The first major US banks report quarterly earnings on Friday, April 12th, 2024. We preview what to expect from JP Morgan, Citigroup, and Wells Fargo's quarterly numbers.

16:03, 11 April 2024

Reserve Bank of New Zealand Preview: Rates expected to remain on hold as inflation fight continues

The Reserve Bank of New Zealand (RBNZ) meets on Wednesday, April 10, 2024. We preview what to expect from the meeting and its possible impact on the NZD/USD.

09:22, 11 April 2024

US CPI Preview: US inflation expected to grind lower amid fears about sticky prices

US CPI data is released on Wednesday, 10 April. We preview what to expect from the data, how it could influence US Federal Reserve policy, and analyse the NASDAQ (US Tech 100).

15:11, 9 April 2024

How escalating geopolitical tensions are impacting oil markets

The bullish momentum in oil prices remains strong as escalating geopolitical tensions raise concerns about supply.

13:34, 4 April 2024

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

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