Oil prices
Crude and the loonie
Canada is one of the world's largest oil producers, and most of its crude exports go to the United States. Higher oil prices tend to lift the Canadian dollar and push USD/CAD lower.
USDCAD · Major forex pair
Trade USD/CAD
Trade USD/CAD (USDCAD) on Mega1 or MetaTrader 5 with Pro raw pricing or Standard all-in spreads.
- Maximum leverage
- Up to 1000:1*
- Minimum trade
- 0.01 lot
- Contract size
- 100,000 USD
*Exposure-based margin bands apply incrementally per symbol. Availability depends on account, platform and jurisdiction.
USD/CAD
Indicative USDCAD prices · US Dollar / Canadian Dollar
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USD/CAD daily indicative candlestick chart is loading.
USD/CAD overview
What is USDCAD? US Dollar against Canadian Dollar.
USD/CAD shows how many units of CAD are needed to buy one unit of USD. A rising price means USD is strengthening against CAD; a falling price means the reverse. USDCAD connects two closely linked economies and is often shaped by Federal Reserve and Bank of Canada policy, North American data and changes in crude-oil markets.
- Symbol
- USDCAD
- Pip size
- 0.0001
- Price precision
- 5 digits
- Profit currency
- CAD
- Minimum volume
- 0.01 lot
- Volume step
- 0.01 lot
Bank of Canada
The BoC against the Fed
The Bank of Canada sets its policy rate on eight scheduled dates a year, and the gap with the Fed's rate steers the pair. With the two economies so closely tied, markets watch for one bank moving faster than the other.
US trade
Canada's biggest customer
Most of Canada's exports are sold to the United States, so the health of the US economy feeds straight into Canada's. Changes in trade rules between the two countries, such as tariffs, can move the Canadian dollar quickly.
Jobs data
Two jobs reports, one morning
Canada's monthly jobs and inflation reports come out at 8:30 New York time, like the main US releases, and the two jobs reports often land on the same morning. A surprise on either side can jolt USD/CAD.
When USD/CAD is most active
USD/CAD trades around the clock from Monday to Friday, but most of its volume comes during North American hours. It's busiest while London and New York overlap, from about 8:00 to 12:00 New York time, when data from both countries and Bank of Canada decisions bring the sharpest moves. Liquidity is thinnest in the Asian session and around the 17:00 New York rollover.
USD/CAD at a glance
- USD/CAD shows how many Canadian dollars one US dollar buys, so a rising price means a weaker loonie.
- At XBTFX one lot is 100,000 US dollars, and the 0.01-lot minimum trade is $1,000.
- It often moves opposite to US crude oil (WTI), also listed at XBTFX, although the relationship changes over time.
Price history
USD/CAD key statistics
From daily mid-price candles, updated November 10, 2026.
Past performance is not a reliable indicator of future results.
Performance
- 1 day
- +0.48%
- 1 week
- +1.29%
- 1 month
- -0.50%
- 3 months
- +1.81%
- 52-week high
- 52-week low
- Average daily rangeLast 20 trading days
- 55.2 pips
Why XBTFX
Why trade USD/CAD with XBTFX
Leverage that fits the trade
Up to 1000:1 on USD/CAD, stepping down in published bands as your position grows.
Two account types
Pro and Standard accounts, with every cost for USD/CAD shown on this page before you trade.
Mega1 and MetaTrader 5
Trade in the browser, on desktop or on your phone with Mega1, or use MetaTrader 5.
Crypto or fiat funding
Fund in crypto or fiat, and run your account in US dollars or a crypto base currency such as BTC or USDT.
Two pricing choices
Compare USDCAD spreads and trading costs.
Raw pricing
Pro
Variable spreads from 0.0 pips
- FX commission
- $2.75 per $100k traded
- Platforms
- Mega1 & MetaTrader 5
All-in spread
Standard
Spreads from 1 pip
- FX commission
- No separate commission
- Platforms
- Mega1 & MetaTrader 5
Spreads are variable and can widen. The stated minimum is not a universal or guaranteed spread. Swaps may apply to positions held across rollover. Account and platform availability varies.
Exposure-based margin
How USDCAD leverage and margin bands work.
USD/CAD margin is applied incrementally by the total notional exposure in USDCAD. Crossing a threshold does not reprice the margin already assigned to lower bands; only the additional exposure uses the next rate.
How exposure-based margin worksUSDCAD margin schedulePublished schedule
| Additional notional | Leverage | Margin |
|---|---|---|
| $0–$500K | 1000:1 | 0.10% |
| $500K–$2M | 500:1 | 0.20% |
| $2M–$5M | 200:1 | 0.50% |
| $5M–$15M | 100:1 | 1.00% |
| $15M–$50M | 50:1 | 2.00% |
| $50M–∞ | 20:1 | 5.00% |
USD notional bands. The live platform specification remains authoritative.
Contract details
USDCAD contract specifications.
Review volume, carrying-cost and session information before placing a trade. Values below are refreshed from the published XBTFX specification service.
- Contract size
- 100,000 USD
- Minimum / maximum volume
- 0.01 lot / 100 lots
- Volume step
- 0.01 lot
- Quote / profit currency
- CAD
- Swap long
- 2 points
- Swap short
- −14.46 points
- Three-day swap
- Friday
- Published session
- 00:00–24:00 platform time
Open full USDCAD specifications
Sessions and swap values may change for holidays, liquidity conditions and scheduled maintenance.
Plan a scenario
Calculate USDCAD profit and pip value before you trade.
For one standard lot of USD/CAD, one pip is 0.0001 and represents 10 CAD in the quote currency. The account-currency result can change with conversion, direction, spread, commission and swaps.
Example pip value 1 lot × 1 pip = 10 CAD Before trading costs Open USD/CAD calculator
Where to trade
Trade USDCAD your way.
Use Mega1 in the browser, on desktop or mobile, or trade through MetaTrader 5.
Start trading
Understand the pair before opening a position.
Why does USD/CAD fall when oil prices rise?
Oil is one of Canada's biggest exports, so higher crude prices bring more money into the country and tend to strengthen the Canadian dollar. Because it's the second currency in the pair, a stronger loonie means a lower USD/CAD.
How much do I need to trade USD/CAD?
The minimum trade is 0.01 lots, or $1,000. At the first-tier leverage of 1000:1, the margin for it is $1. Leverage steps down as your exposure grows, and you need more than the margin in your account to absorb moves against you.
How is USD/CAD different from Canadian dollar futures?
Canadian dollar futures on CME are quoted in US dollars per Canadian dollar, the inverse of USD/CAD, so they rise when USD/CAD falls. They come in contracts of 100,000 Canadian dollars with set expiry dates; a USD/CAD CFD follows the spot rate, has no expiry and pays or earns swap overnight.
Why is the Canadian dollar called the loonie?
Canada's one-dollar coin, introduced in 1987, shows a loon, a water bird common across the country, and the coin's nickname passed to the currency. Traders often call USD/CAD the loonie too.
What is USDCAD (USD/CAD)?
USD/CAD is the exchange rate between US Dollar and Canadian Dollar. It shows how many units of CAD are required to buy one unit of USD. A rising price indicates USD strength relative to CAD; a falling price indicates the reverse.
What is one pip in USD/CAD?
For USD/CAD, one pip is normally 0.0001. A one-pip move on one standard 100,000-unit lot represents 10 CAD in CAD, before spreads, commission, swaps and any account-currency conversion.
How is USD/CAD leverage applied at XBTFX?
USD/CAD uses published exposure-based margin bands. The schedule is tied to total notional exposure in USDCAD, not the account balance. When exposure crosses a threshold, only the additional portion uses the next margin rate; lower-band exposure keeps its original rate.
Can I trade USD/CAD with Pro or Standard pricing?
Yes. Pro uses raw variable spreads with a separate commission of $2.75 per $100,000 traded on FX. Standard has no separate FX commission and includes the pricing cost in a wider spread. Availability can vary by platform, account and jurisdiction.
Where can I trade USD/CAD with XBTFX?
USD/CAD is available on supported Mega1 and MetaTrader 5 accounts. Check the instrument specification inside the selected platform before trading because sessions, margin and other conditions can change.
Risk warning
CFDs are complex instruments and involve a significant risk of loss due to leverage. Prices are indicative and may differ from executable account prices. Consider whether you understand how CFDs work and whether you can afford the risk. Risk Disclosure Notice
Ready to trade USD/CAD?
Open an XBTFX account, choose Pro or Standard pricing, and access USD/CAD on a supported platform.
