Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

US Dollar vs Canadian Dollar •USDCAD•



The USDCAD also known as the Loonie or the Funds shows how many Canadian dollars (the quote currency) are needed to purchase one US dollar (the base currency). The U.S. dollar and the Canadian dollar is one of the most popular currency pairings in the world. This is because of the high degree of cross-border trading activity happening between these two great neighboring nations. The Canadian dollar is a commodity currency hence very dependent on world oil and natural gas prices. Most of the energy commodities flow from Canada to the U.S. while nearly half of Canada's imports come from the United States making the trade relationship between the two countries to have a significant influence on the stability of the exchange rate.

Trade Forex, Commodities, Precious Metals, Energies and Equity Indices from 1 Account.