Currencies · Currency · CADUSD
CAD/USD
0.71 USD
+0.0005(+0.07%)upPrevious close · 20:00 ET
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What this measures
The Canadian dollar expressed in United States dollars. Commodity prices and rate differentials are its two main drivers.
What moves it
- The Canada-United States two-year yield spread.
- Crude oil and, secondarily, the broad commodity complex.
- Global risk appetite, since the Canadian dollar trades as a risk-on currency.
The Canadian angle
A stronger loonie reduces the Canadian-dollar value of United States earnings for exporters and compresses producer margins; a weaker one flatters them. It is the single largest translation factor in Canadian corporate reporting.
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