Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.

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USD/CAD price

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0
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0%
2.0
Sell
0.0
Buy
0.0
1D
3D
1W
1M
3M
1Y
Interval 30 min

Pricing is indicative. Past performance is not a reliable indicator of future results.

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About USD/CAD

USD/CAD is a currency pair based on the value of the United States dollar against the Canadian dollar. Known as ‘The Loonie’, it’s often seen as a commodity pair, as it’s highly correlated with the price of crude oil. The US is the leading exporting market for Canada, which means that its currency is particularly sensitive to US data and economic health. The price of USD/CAD reflects how many Canadian dollars (the quote currency) are needed to buy one US dollar (the base currency). Analyse our USD/CAD live chart and get started by opening a spread betting or CFD trading account.

Why 1 million+ global traders and investors* choose CMC1

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  • Access to 12,000 financial instruments

  • Lightning-fast execution2

  • 99.95%+ platform stability**

  • 99.9% fill rate with 0.0029s execution*

  • Tax-free profits on spread bets; no stamp duty on CFDs4

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Trading details

minimum spread
N/A
minimum size (new)
0.001
Shorting allowed
Yes
GSLO allowed
No

Holding costs

Daily - Sell
0.00
Daily - Buy
0.00
Yearly - Sell
0.00
Yearly - Buy
0.00

Margin rates

Tier Units Rates

Trading hours

(shown in London local time )

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FAQs

New to trading?

Is it free to open an account?

There's no cost when opening a live spread betting or CFD trading account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade.

What are the costs of spread betting and CFD trading?

There are a number of costs to consider when spread betting, including spread costs, holding costs (for trades held overnight which is essentially a fee for the funds you borrow to cover the leveraged portion of the trade), rollover costs on expiring forward trades, and guaranteed stop-loss order charges (if you use this risk-management tool).
See our costs

Is CMC Markets UK plc regulated by the FCA?

Yes, CMC Markets UK plc (registration number 173730) and CMC Spreadbet plc (registration number 170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

New to CMC Markets?

Is CMC Markets covered by the FSCS?

Yes, your eligible deposits with CMC Markets are protected up to a total of £85,000 by the Financial Services Compensations Scheme (FSCS), the UK's deposit guarantee scheme. More information about FSCS is available here

How does CMC Markets segregate client money?

Under the FCA's Client Money rules, we are required to segregate client money (unless you agree with us otherwise) from CMC's own funds. The funds held in segregated bank accounts do not belong to CMC and will be held in a way that enables it to be identified as client money. Learn more about client money regulations

How does CMC Markets make money?

Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue.

We never aim to profit from our clients' losses. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.

 

USD/CAD FAQs

What macroeconomic factors affect USD/CAD exchange rate?

Macroeconomic factors that affect USD/CAD include interest rate differentials between the Federal Reserve and Bank of Canada (BoC), as well as export and trade between the two countries, in particular crude oil trading.

How can I trade on USD/CAD?

To start trading on our USD/CAD currency pair using spread bets or CFDs, open a live forex account. We have the highest forex offering in the industry, with over 300+ currency pairs*.

How do oil and USD/CAD correlate?

As the Canadian economy is heavily reliant on crude oil, the Canadian dollar is known as a ‘commodity currency’, as it can be affected by the price of crude oil on a global level. In particular, USD/CAD is highly correlated with the price of WTI Crude Oil, which is a crude oil native to the southern parts of the US.

What is the forecast for USD/CAD?

To forecast future price movements for USD/CAD, traders may wish to look out for factors that affect this currency pair, such as the price of crude oil, interest and exchange rate changes by national banks, and other political or social events that may affect the health of either economy. Read more about trading using economic indicators.

11.621 million unique user logins for the CMC Markets invest, CFD and spread betting platforms globally, as at August 2024.
20.0030 seconds CFD median trade execution time, 1 April 2022-31 March 2023.
399.97%+ core platform uptime, 1 April 2022-31 March 2023.
4Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK