Canadian Dollar to US Dollar Chart

CAD is short for Canadian Dollar, A.K.A the Loonie. The price of USD/CAD tells how many canada dollars are needed to buy one U.S. dollar. Because oil is one of the major export products of Canada, there is a high correlation between the oil price and loonie. Meanwhile, the interest rate decision of the Bank of Canada, the central bank of Canada, can influence the rate of CAD significantly.