US Dollar / Canadian DollarUSD/CAD

USD/CAD is the exchange rate between the US dollar and the Canadian dollar, nicknamed "the loonie." It is one of the most heavily traded forex pairs and closely linked to crude-oil prices because Canada is a major energy exporter. Decisions from the Bank of Canada and the US Federal Reserve, plus North American economic data, drive most of the price action. Spreads are tight in active sessions, but forex leverage amplifies both gains and losses — manage risk carefully.