The base currency – USD. The counter currency – CAD. The EUR/CAD chart represents the relationship between the American and Canadian Dollars. 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. Indeed, Canada is the largest oil-producer to the US market and so, the rate is primarily correlated to oil. To browse the latest Forex USD/CAD info, follow Capital.com.