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US Dollar vs. Canadian Dollar

Due to the vast amount of cross-border trading transactions that occur between the two countries, the US Dollar vs. the Canadian Dollar remains a popular currency pair. The Canadian dollar is sometimes referred to as the 'Loonie' since it depicts a loon on the gold-colored coin. The Canadian dollar is frequently regarded as a 'Commodity Currency' as a result of the massive deposits of natural resources, particularly oil, that is exported and mined from Canada (especially with their southern neighbour).