About Euro

The Euro/Canadian Dollar exchange rate indicates the number of Canadian dollars required to buy one euro. Crude oil is one of Canada's most important exports, and as such, it is susceptible to changes in crude oil prices and expectations for global growth. The Eurozone is the world's largest monetary union and one of the most widely traded currencies on the foreign exchange market. During times of global economic uncertainty, the euro has been used as a funding currency numerous times throughout history. The EUR/CAD has a slightly higher average true range than the majors, giving intra-day and swing traders alike more opportunities.