EUR/CAD: Euro against the Canadian Dollar

• EUR
• CAD

What EUR/CAD is

EUR/CAD shows the price of the euro in Canadian dollars. The euro is the base currency and the Canadian dollar is the quote currency. The price tells you how many Canadian dollars one euro costs.

• If EURCAD rises, the euro has strengthened against the Canadian dollar.
• If it falls, the Canadian dollar has strengthened against the euro.

EUR/CAD is a cross pair because it does not include the US dollar. Its price comes from two large economies, the euro area and Canada. Canada exports a lot of crude oil. For a general overview of crosses, see Majors, minors, exotics.

How to read the quote

A trading platform shows two prices for EURCAD:

• Bid: the price at which you can sell.
• Ask: the price at which you can buy.

The difference between them is the spread, which is a trading cost. MetaTrader shows one more digit than the pip. This last digit is a pipette, a fraction of a pip.

Pip size and pip value

A pip is the standard unit of price movement. EUR/CAD follows the usual pip convention for pairs that do not include the Japanese yen. To check the exact number of digits, open the symbol specification in MT4 or MT5.

Pip value depends on three things:

1. Lot size. The calculation is position size multiplied by pip size.
2. Quote currency. The result is always in Canadian dollars first, because CAD is the quote currency.
3. Account currency. If your account is in USD or another currency, the CAD amount is converted at the current rate.

Do not use a fixed rule of thumb. Enter your lot size in the calculator to see the pip value in CAD and in your account currency:

What tends to move EUR/CAD

This section lists common drivers of the pair. It is not a forecast. The same data can move the price differently from one release to the next.

Euro side

• ECB policy. European Central Bank rate decisions, the press conference and its guidance on future rates.
• Euro-area inflation. Flash and final CPI releases.
• PMIs. Purchasing Managers' Index surveys for manufacturing and services, which are early signs of economic activity.
• German data. Germany is the largest euro-area economy. The Ifo and ZEW surveys, industrial output and German PMIs often get attention.
• Energy prices. The euro area imports much of its energy, so higher gas and oil prices can weigh on its economy.

Canadian dollar side

• BoC policy. Bank of Canada rate decisions and statements.
• Crude oil prices. Oil is a major Canadian export, so the CAD often reacts to moves in oil. Oil affects both sides of this pair, but in different directions. See Energies.
• US–Canada trade. The United States is Canada's main trading partner, so tariff and trade news matters.
• Canadian jobs data. The monthly Labour Force Survey and Canadian CPI.

For a structured way to follow these releases, see Fundamental analysis. A EURCAD analysis based only on charts ignores these events. Technical analysis explains the chart side.

Liquidity by session and spread behaviour

• Asian session. Activity in EUR and CAD is usually thin. Spreads can be wider and price moves smaller.
• London session. Euro liquidity picks up and euro-area data is released. Spreads usually narrow.
• London–New York overlap. This is usually the most active period for the pair. Canadian and US data come out during the North American morning.
• Late New York and the daily rollover. Liquidity drops and spreads often widen around the rollover.

Spreads also widen around high-impact news, at weekly opens, and on bank holidays in Europe or Canada. A spread you see in a quiet hour is not a guide to the spread during a news release.

EUR/CAD at Exness: what the sourced facts cover

We have no EURCAD-specific Exness specification with a date. For contract size, digits, swap and trading hours, check the specification in the platform or in the Exness personal area. What the sourced account-level facts say:

The spreads above are account-wide "from" values. They are not EURCAD quotes. Unlimited leverage is listed for Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC, under conditions: on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts. Check in the platform whether EURCAD counts as a minor at Exness.

Exness lists Pakistan among the countries where clients get swap-free status automatically. Check how this applies to your account in the personal area. More on overnight costs: Swap fees.

Margin

Margin is the amount your broker holds to keep a position open. It is position size multiplied by the price, divided by your leverage, and converted from EUR into your account currency. Use the calculator:

Higher leverage means less margin, but losses grow just as fast as gains. Leveraged forex and CFD trading can lose money quickly. Read Risk management before you trade.

Legal position in Pakistan

On residents' purchases, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. Also, per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse. Read Law and regulators before opening any account.

Frequent questions

Is "euro CAD" the same as EUR/CAD?

Yes. EURCAD, EUR/CAD and "euro CAD" all mean the euro priced in Canadian dollars.

In which currency is EUR/CAD profit calculated?

In CAD first, because it is the quote currency. The platform then converts it into your account currency.

Why does oil matter for EUR/CAD?

Oil is a major Canadian export, so oil prices often affect the CAD. Energy costs also affect the euro-area economy.

Can I trade EUR/CAD on a cent account?

Exness lists a Standard Cent account with currencies including CAC. Check in your platform whether EURCAD is offered on it. See Standard Cent account.

Where can I see the exact EURCAD specification?

Open the symbol specification in MT4 or MT5, or check the Exness personal area. Conditions can change.