Definition:
Currency Name: Canadian Dollar
Currency Country: Canada
Currency Symbol: CAD
Exchange: Interbank
Quote Style: USD/CAD 1.03
Nickname: Loonie
Correlations: The Canadian Dollar beats to it’s own drum
Best Trading Times: The best trading time for the CAD is during the New York Trading session in the US. That would be 7AM to 4PM Eastern time(1200GMT – 2100GMT).
Fun Fact: The Canadian Dollar is often referred to as “the loonie” because the 1 Dollar Canadian Coin has a picture of a Canadian Loonie Bird on it.
