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USD/CAD

USD/CAD Online Trading

Forex trading in online trading has been popular since the Securities and Exchange Commission sanctioned the first online trading, in 2008. Many traders still actually believe that online trading is all about currency. In reality, digital options are available on stocks, commodities, indices, and currencies. One popular Forex that is available on the broker platforms is the USD/CAD currency pair online trading.

America and Canada are two important powers in the world economy. As next-door neighbors, one would expect them to be influenced by similar world factors. However, the US is a very different beast to Canada and is engaged in very different activities.

America is the largest economy in the world despite the financial crisis that has shaken the world. The US is headquarters to many of the most influential organizations in the world across a diverse range of sectors. The company is heavily involved in manufacturing, pharmaceuticals, and technology. The NASDAQ and S&P 500 are often used not just as barometers of the US economy but also for the whole world. As a massive consumer America is also intimately linked to the productivity of export countries, such as Japan.

Canada is a natural resource-rich country that has performed well despite the economic crisis. The Canadian banking system has historically been very different from that of the US, with tighter controls and more incentive to pay off ones mortgage. In 2008, 4.5% of US mortgages were in 90-day arrears compared to a figure of 0.27% in Canada. Perhaps all of this is behind the stability?

USD/CAD currency pair

In the past, the USD was worth far more than the CAD in the USD/CAD currency pair. However, over recent years it has dropped to below 1:1. Traders have enjoyed the volatility between the two currencies and many online trading traders spend their days trading this currency pairing. There is plenty of information and news to cause price fluctuations and the savvy trader can make high returns from USD/CAD online trading.

USD/CAD Trading

Looking for where to trade USD/CAD online trading?

We have done the work for you. The list below contains great broker platforms offering the currency pair as online trading:

All the USD/CAD online trading brokers reviews you can find here are tested, verified and approved by our experts. That is why you can be sure that after having chosen any of the USD/CAD online trading brokers from our list you will get an excellent trading experience. Moreover, you can easily find online trading videos together with other various education materials almost in every broker. We hope that online trading will become a new interesting and captivating activity that will bring you high payouts.

In the table below you can see the full list of brokers who offer this asset for trading