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Canada is a big oil seller. Dear oil usually strengthens the Canadian dollar, so USD/CAD often falls with it.
All instruments
What moves USD/CAD
USD/CAD is tied to the price of oil, the Bank of Canada and figures from the US and Canada. What matters for the loonie and what is coming.
The main things that move the price
The Bank of Canada
Rate decisions and Canadian inflation are weighed against what the Fed does. The gap matters more than either rate.
US and Canadian jobs
Jobs figures from the two countries often come out on the same day and in the same minute, and the pair can jump either way.
When it is most active
New York hours matter most: figures from both countries come out then, and US oil is trading.
Major releases ahead
The next high-impact releases over two weeks. What each means for the market is on its card.
What Edge gives you
The pair's page shows where the week points and today's backdrop. The calendar gives the scenario before a figure and the direction right after it. Entry, stop and target stay with your own system.
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