USD/CAD · US Dollar / Canadian Dollar

## USD/CAD overview
USD/CAD is driven by the USD cycle, Bank of Canada policy, Canadian jobs and inflation, and WTI crude oil. CAD has commodity-currency features; stronger oil can support CAD, but broad USD direction remains key.

## Trading risk
US and Canadian data releases can move USD/CAD quickly. Compare spreads, oil-linked slippage and swaps.