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Prices are our trading platform's bid for USDCAD. Times are server time, New York + 7 hours (GMT+3 now). Past performance is not a reliable indicator of future results.
The spread when you open, shown live above, and a swap for each night the position stays open. Spreads widen around news and at low liquidity.
Read from our trading platform daily. The specification in MetaTrader 5 always prevails.
Server time is New York time + 7 hours.
The change in each calendar month, from our platform's month-end closing prices (bid). Our history for this instrument starts in November 2021.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.76% | +0.19% | +1.98% | −2.39% | +1.59% | +2.88% | −1.28% | −1.13% | +2.73% | −1.56% | ||
| 2025 | +1.01% | −0.41% | −0.55% | −4.10% | −0.44% | −0.95% | +1.80% | −0.81% | +1.31% | +0.65% | −0.30% | −1.76% |
| 2024 | +1.36% | +1.07% | −0.27% | +1.74% | −1.10% | +0.37% | +0.96% | −2.28% | +0.24% | +3.02% | +0.49% | +2.70% |
| 2023 | −1.82% | +2.57% | −0.96% | +0.22% | +0.21% | −2.39% | −0.44% | +2.42% | +0.45% | +2.25% | −2.26% | −2.27% |
| 2022 | +0.51% | −0.29% | −1.32% | +2.82% | −1.65% | +1.81% | −0.57% | +2.56% | +5.41% | −1.56% | −1.54% | +1.05% |
| 2021 | +3.19% | −1.06% | ||||||||||
| Average | +0.06% | +0.63% | −0.22% | −0.34% | −0.28% | +0.34% | +0.09% | +0.15% | +2.03% | +1.09% | −0.08% | −0.27% |
| Months higher | 3/5 | 3/5 | 1/5 | 3/5 | 2/5 | 3/5 | 2/5 | 2/5 | 5/5 | 3/4 | 2/5 | 2/5 |
Month to date · Past performance is not a reliable indicator of future results.
No recent articles on this instrument.
Kitco · Oct 19, 21:34
Headlines from other publishers, linked to the original article. They are not written or endorsed by GCC Brokers.
Durable Goods Orders MoMUSD
Oct 27, 15:30 · Forecast 0.6% · Previous 0%
BoC Interest Rate DecisionCAD
Oct 28, 16:45 · Forecast 2.5% · Previous 2.25%
BoC Monetary Policy ReportCAD
Oct 28, 16:45
Fed Interest Rate DecisionUSD
Oct 28, 21:00 · Forecast 4% · Previous 4%
Fed Press ConferenceUSD
Oct 28, 21:30
Core PCE Price Index MoMUSD
Oct 29, 15:30 · Forecast 0.3% · Previous 0.2%
High-impact releases for USD, CAD over the next 7 days, in server time (GMT+3). Dots on the 1D and 5D charts mark recent releases.
USD/CAD is one of the most traded currency pairs in the world, representing the exchange rate between the US Dollar and the Canadian Dollar. With daily trading volumes exceeding $100 billion, this major pair is highly liquid and a cornerstone of forex markets. The pair reflects the economic relationship between the United States and Canada, two of the world's largest trading partners.
USD/CAD price movements are driven by several key factors including interest rate differentials between the US Federal Reserve and the Bank of Canada, commodity prices (particularly crude oil, a major Canadian export), geopolitical events, and macroeconomic data releases from both countries. Risk sentiment also plays a role, as the Canadian Dollar is often considered a risk-on currency. Changes in oil prices have a particularly strong correlation with USD/CAD movements.
At GCC Brokers, USD/CAD is available with automatic execution and no manual intervention. Trade this major pair across our Zero and Standard account types; spreads vary by account type and market conditions, and the live spread is shown on this page.
USD/CAD trades around the clock during the forex week, typically from Sunday evening (Sydney open) through Friday evening (New York close). Peak liquidity occurs during North American trading hours when both US and Canadian markets are active. GCC Brokers offers 24/5 trading access to this major pair.
Spreads are variable and depend on market conditions and your account. Standard and Pro have no commission, and Pro has tighter spreads; Zero has raw spreads plus a commission. The live spread is shown on this page.
USD/CAD is primarily influenced by interest rate differentials between the Federal Reserve and Bank of Canada, crude oil prices, and macroeconomic data from both countries. Risk sentiment, employment reports, inflation data, and central bank policy statements create significant volatility. Commodity prices are especially important since Canada is a major oil exporter.
USD/CAD is one of the most liquid major pairs, and its link with oil prices gives traders another reference point. Its high daily volume supports deep liquidity, though slippage can still occur in fast markets.
Many new traders start with major pairs such as USD/CAD: it is liquid, and its main drivers, interest rates and oil prices, are widely reported. Start with small positions, compare the Standard, Pro and Zero accounts, and use stop losses on every position.
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Prices stream from our trading platform. Pro and Zero accounts are priced differently; see trading costs below.
