Canadian currency trading is well known on the Forex market because of its image as a growth-tied currency. The Canadian dollar, which is also known as the “loonie,” swings in line with the dictates of the market.
So, if you invest in the Loonie when the economy is bearish, you could be smiling to the banks with high yield returns. The Canadian currency trading is mostly against the US dollar. But that is not to say that it does not pair versus the Euro and Australian dollar.
Let me take you down the memory lane about the existence of the Canadian currency trading.