About USD/CAD
What moves it
- The US dollar side (Federal Reserve)
- Federal Reserve rate expectations, US inflation and jobs data, and global risk appetite — in stress the dollar is usually bought.
- The Canadian dollar side (Bank of Canada)
- Crude oil prices, Bank of Canada policy, and the health of trade with the United States.
When it is most active
Most active during the London and New York sessions. Volume usually peaks while London and New York are both open.
- London
- New York
See which sessions are open now, in your time zone
Pip value
One pip is 0.0001. On a standard lot of 100,000 USD, a one-pip move is worth 10 CAD. Your broker converts this into your account currency at the current rate.
Calculate pip value and position size
Trading notes
- In risk-off periods money tends to flow into the US dollar, so USD/CAD often reacts to stock-market sell-offs.
Educational information only — not a recommendation to trade USD/CAD. Prices and technical summaries come from TradingView and can differ slightly from your broker’s feed.