💱 USDCAD INFO & STATISTICS
ℹ️ The Canadian Dollar is a commodity currency, as Canada is a major exporter of oil, gas, and metals. Canada exports about 2 million barrels of oil daily to the United States, and 85% of its total exports go to the U.S.
✅ Canada is a major exporter of oil, gas, and metals, making the Canadian dollar closely linked to crude prices. 🔗 Information About Crude Oil Trading
✅ Canada is a member of both the G7 and the G20. The G7 includes the United States, France, Germany, Italy, Japan, Canada, and the United Kingdom.
📅 USDCAD SEASONAL PATTERNS:
According to our data {2000-2018}, these are the best months to go long/short on USDCAD:
🔺 BEST MONTHS FOR LONG TRADES (↑)
- OCTOBER, average returns +0.73%, times (11-7), and +0.05% momentum
RECENT 5 PERIODS: 4 bullish out of 5
RELIABILITY: a reliable seasonal pattern, after 2011 (☆☆☆)
🔻 BEST MONTHS FOR SHORT TRADES (↓)
- APRIL, average negative returns -1.11%, times (5-14), and -0.94% momentum
RECENT 5 PERIODS: 4 bearish out of 5
RELIABILITY: a considerably reliable seasonal pattern (☆☆☆☆)
The full statistics of the pair are presented in the book (licensed by G. Protonotarios): 🔗 The Hidden Patterns Behind 15 Forex Pairs: Revealing Momentum and Seasonal Patterns Based on 18.5 Years of Daily Exchange Rates
🔄 USDCAD INTERMARKET CORRELATIONS
✅ The correlation between CADUSD and the oil price is very high (🔗 read more here)
✅ CADUSD has historically shown a 0.75–0.80 positive correlation with oil prices.
🏦 USD/CAD Central Banks
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☑️ The Federal Reserve (the Fed) was founded on December 23, 1913, under President Woodrow Wilson. ☑️ The Fed consists of (i) the Board of Governors in Washington, D.C., (ii) 12 regional Federal Reserve Banks across the U.S., and (iii) the Federal Open Market Committee (FOMC), which sets monetary policy. ☑️ Its main monetary policy tools are the interest rate, open market operations (OMO), and Quantitative Easing (QE). ☑️ Its primary goals are high employment and 2% CPI inflation. ☑️ The U.S. holds about 8,130 tonnes of gold reserves (as of 2025). ☑️ U.S. foreign exchange reserves are around 245 billion USD (as of 2025). |
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☑️ The Bank of Canada was founded in 1934. ☑️ It has an inflation target of 1–3% and works with the Department of Finance on fiscal and economic policies. ☑️ The Bank of Canada no longer holds any gold reserves, having sold its last holdings in the early 2000s. ☑️ Canada’s foreign exchange reserves are about 125 billion USD (as of 2025). |
⚖️ Compare USDCAD Brokers
The table below provides a basic comparison of regulated Forex brokers that trade USDCAD.
Table: Compare USDCAD Forex Trading Cost
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USDCAD FOREX BROKER |
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□ USDCAD SPREAD |
1.9 pip on USDCAD (without trading commissions) |
0.25-0.80 pip on USDCAD |
1.0 pip on USDCAD |
10.25-0.80 pip on USDCAD |
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□ TRADING COMMISSIONS |
NO |
YES $7/full traded lot |
YES $7/full traded lot |
YES $7/full traded lot |
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□ PLATFORMS |
MT4/MT5 RStocks Trader |
MT4/MT5 Ctrader |
MT4/MT5 |
MT4/MT5 Ctrader |
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□ AUTO-TRADING |
Fully Allowed Free VPS |
Fully Allowed
Free VPS |
Fully Allowed Free VPS NY4 and LD5 IBX Equinix |
Fully Allowed Free VPS |
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□ REGULATION |
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□ ACCOUNT INFO |
35 Forex pairs Min. Deposit: 200 USD Funding Methods: Cards | Bank Wire | Skrill PerfectMoney | Neteller » Review RoboForex |
65 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | PayPal | Neteller |
61 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | UnionPay | Neteller |
65 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | PayPal | Neteller |
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□ WEBSITE
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» IC Markets Website (Non-EU) |
■ USD/CAD Statistics
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