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The currency of Canada. One of the major currencies traded. Currency code (CAD)
Canadian Dollar
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Related Terms
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
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The Bank of Canada (BoC) is Canada’s central bank and is located in Ottawa, the capital of Canada. Its...
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
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A currency pair is a price quote of the exchange rate for two different currencies traded in the foreign...
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Safe haven currencies are currencies that are expected to retain or increase in value when it seems like...
Related Articles
CAD Weekly Review (May 18 – 22)
Mixed performance for CAD this week, but ultimately a net gainer thanks to early positive global risk sentiment.
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CAD Weekly Review (Nov. 18 – 22)
No love for the Loonie as geopolitical sentiment dragged oil & CAD to levels it couldn’t fully recover from, despite some positive comments from the BOC.
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CAD Weekly Review (Apr. 13 – 17)
CAD closed as a net loser on Friday, taking hits from multiple angles including a big drop in oil prices, more stimulus from the BOC, & another round of weak economic updates Canada.
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CAD Weekly Review (Mar. 2 – 6)
CAD was hit hard on the usual risk aversion influences from the continued Coronavirus theme, & also on expectations of more cuts from the BOC down the road if necessary.
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