{"id":11074,"date":"2021-12-30T18:50:38","date_gmt":"2021-12-30T15:50:38","guid":{"rendered":"https:\/\/roboforex.com/blog\/?p=11074"},"modified":"2026-05-26T10:57:09","modified_gmt":"2026-05-26T07:57:09","slug":"how-to-trade-usd-cad-currency-pair","status":"publish","type":"post","link":"https:\/\/roboforex.com/blog\/blog\/2021\/12\/30\/how-to-trade-usd-cad-currency-pair\/","title":{"rendered":"How to Trade USD\/CAD Currency Pair?"},"content":{"rendered":"\n

USD\/CAD<\/a> – US dollar vs Canadian dollar – is a major currency pair<\/a>, popular in the Forex<\/a> market. Let us see, what influences its quotations and what the main trading methods are.<\/p>\n\n\n\n

<\/span><\/a>Some history<\/span><\/h2>\n\n\n\n

Canada is a country with the largest territory in North America. The name of the country stands for “kanata”, which means “settlement, land” in the language of local Indian people. The history of Canada started in 1534 when a French seafarer Jacques Cartier explored the country. One of the first French colonies was founded on the territory of modern Quebec, initially populated by indigenous people.<\/p>\n\n\n\n

Canada is a federative country that consists of ten provinces and three territories. As early as the 1850s, the country gave up the colonial Canadian pound and switched to the Canadian dollar. Traders also use a slang name “loony”, from “loon”, the name of the bird on the 1 dollar coin. This bird is a mascot o Canada. Since 1970, the CAD has been a free tradable currency; the monetary policy is regulated by the Bank of Canada, the Central Bank of the country.<\/p>\n\n\n\n

The CAD is a popular currency that takes part in 3% of all trading operations of international trade. Many leading countries keep a part of their gold<\/a> reserves in the CAD. Thanks to free conversion and good volatility<\/a>, the CAD is one of the seven Forex<\/a> majors.<\/p>\n\n\n\n

\"Canadian<\/a><\/figure>\n\n\n\n
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<\/span>Trading characteristics of USD\/CAD<\/span><\/h2>\n\n\n\n

USD\/CAD demonstrates the relation of the US dollar to the Canadian dollar. The quotation demonstrates how many Canadian dollars you will need to buy one Us dollar. The growth of USD\/CAD means that the USD becomes stronger on the expense of the CAD. And when the USD\/CAD falls, the CAD becomes stronger against the USD.<\/p>\n\n\n\n

Here are several trading characteristics of the USD\/CAD:<\/p>\n\n\n\n