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The USD/CAD pair tells the trader how many Canadian Dollars (the quote currency) are needed to purchase one US Dollar (the base currency). The 'Loonie' is a gold-coloured coin that was introduced ...

The Canadian dollar is often called the "loonie" because of the appearance of a loon on the back of the C$1 coin. Forex traders incorporate a much larger range of economic data into their trading ...

The Canadian ... rebound in the US Dollar motivates GBP/USD to accelerates its losses and revisit the 1.2420 area, or daily lows, following the release of US NFP in January. Gold prices trim ...

Karl Schamotta, chief market strategist at Corpay, says the loonie could see a further decline of two to three per cent if an ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.