Trade AUD/CAD, metals against oil
AUD/CAD prices how many Canadian dollars one Australian dollar buys. Both are commodity currencies, but they lean on different commodities: Australia on iron ore, coal and gas sold largely to China, Canada on crude oil sold largely to the United States. The pair lets you trade one against the other.
- 24/5 trading
- Buy or sell
- Regulated by FSC Mauritius
AUD/CAD
Typical spread, pips
3.0
About AUD/CAD
Australian dollar vs Canadian dollar
Because both currencies tend to rise and fall with global risk appetite, AUD/CAD filters out much of that common move. What remains is the difference between the two economies: Chinese demand and metal prices on the Australian side, oil prices and the US economy on the Canadian side, and the gap between RBA and Bank of Canada policy.
For traders in the Gulf, AUD/CAD is a way to express a view on oil relative to metals and China. Its key data comes out in two windows, Asian hours for Australia and North American hours for Canada, and liquidity is thinner than on the majors, so spreads are usually wider.
- MT5 symbol
- AUDCAD
- Known as
- Aussie–Loonie cross
- Pip size
- 0.0001
- Trading hours
- 24/5
- Central banks
- Reserve Bank of Australia and Bank of Canada
- Pip value (1 lot)
- C$10 per standard lot (about $7.30 at USD/CAD 1.3700)
- Character
- Two commodity currencies: metals vs oil
What moves it
4 forces that drive AUD/CAD
RBA vs BoC
Both hold eight scheduled decisions a year; diverging rate paths set the trend.
Oil prices
Higher oil tends to support the Canadian dollar and push AUD/CAD lower.
Metals and China
Iron ore prices and Chinese demand tend to lift or weigh on the Aussie.
Relative data surprises
Jobs and inflation surprises in Australia versus Canada move the cross.
When to trade
Best hours and key releases for AUD/CAD
Most active: The Asian session for Australian and Chinese news, and the New York session for Canadian data and oil.
| Session | GMT | UAE time |
|---|---|---|
| SydneyActive | 21:00–06:00 | 01:00–10:00 |
| TokyoActive | 00:00–09:00 | 04:00–13:00 |
| London | 07:00–16:00 | 11:00–20:00 |
| New YorkActive | 12:00–21:00 | 16:00–01:00 |
Releases that move AUD/CAD
- RBA rate decisionEight times a year.
- BoC rate decisionEight times a year.
- Australian CPI and jobsMonthly.
- Canadian jobs and CPIMonthly.
- China PMIs and US crude inventoriesMonthly and weekly.
Spreads can widen and prices can gap around these releases. Check an economic calendar for exact dates and times.
Pricing
AUD/CAD spreads by account
Typical AUD/CAD spread from our dealing desk: 3.0 pips (0.0003). Choose the account that fits your trading.
AUD/CAD typical spread
A price difference of 0.0003; variable, may widen around news.
3.0 pips
Classic
Spread-only, no commission
Spreads from
1.6 pips
- Commission
- None
- Min. deposit
- $100
Premium
Lower spreads, no commission
Spreads from
1.0 pips
- Commission
- None
- Min. deposit
- $3,000
VIP
Raw spreads plus commission
Spreads from
0.0 pips
- Commission
- $6 per 1.00 lot round turn, proportional to lot size
- Min. deposit
- $25,000
* Indicative typical spreads, may vary; last updated 28 September 2026. Spreads are variable and may widen during news releases and low-liquidity sessions. Commissions may apply depending on account type.
Leverage magnifies both gains and losses. Maximum leverage depends on the instrument, account type and your jurisdiction.
Get started
How to trade AUD/CAD on MT5
- 1
Open an account
Register online, verify your identity and choose Classic, Premium or VIP. - 2
Fund your account
Deposit with one of the available methods in the client portal. - 3
Find AUDCAD in MT5
Log in to MetaTrader 5, open Market Watch and add AUDCAD to see the live price and spread. - 4
Plan and place the trade
Set your position size and stop-loss, then choose Buy if you expect the pair to rise or Sell if you expect it to fall.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Forex prices, including AUD/CAD, can move quickly against you, especially around news releases.
FAQ
Frequently asked questions
What is the spread on AUD/CAD at IST Markets?
The typical AUD/CAD spread is 3.0 pips (a price difference of 0.0003). Spreads are variable and can widen around news and at low liquidity; the live spread is always shown in MT5 before you trade. A commission applies on the VIP account.
What is the pip value of AUD/CAD?
One pip on AUD/CAD is a price move of 0.0001. On one standard lot it is worth C$10 per standard lot (about $7.30 at USD/CAD 1.3700); a mini lot (0.10) is worth a tenth of that and a micro lot (0.01) a hundredth. Use the free pip calculator to work it out for your trade size.
What is the best time to trade AUD/CAD?
The pair trades 24 hours a day, Monday to Friday. It is usually most active during The Asian session for Australian and Chinese news, and the New York session for Canadian data and oil. Liquidity tends to be thinnest around the daily rollover and late on Fridays, when spreads can widen.
What moves AUD/CAD?
Mainly the difference between Australian and Canadian conditions: RBA versus Bank of Canada policy, metal prices and Chinese demand versus oil prices. Because both currencies react similarly to global risk mood, that common factor matters less than on other pairs.
How does oil affect AUD/CAD?
Canada is a major oil exporter, so rising oil prices have often strengthened the Canadian dollar relative to the Aussie and pushed AUD/CAD lower. The link changes over time, so check it before relying on it.
Ready to trade AUD/CAD on MT5?
Register in about 5 minutes; account verification may take longer.