Trade EUR/CAD, energy importer vs exporter
EUR/CAD prices how many Canadian dollars one euro buys. Europe imports much of its energy while Canada is a major oil exporter, so oil prices affect the two sides of this pair in opposite ways.
- 24/5 trading
- Buy or sell
- Regulated by FSC Mauritius
EUR/CAD
Spreads from, pips · Premium
1.0
About EUR/CAD
Euro vs Canadian dollar
Rising oil prices tend to support the Canadian dollar and can weigh on the euro through higher energy costs, both of which push EUR/CAD lower. Falling oil tends to have the opposite effect. Central-bank policy on both sides sets the broader trend.
Euro-area data arrives during the European morning and Canadian data during North American hours, so the London–New York overlap is usually the most active time for the pair.
- MT5 symbol
- EURCAD
- Known as
- Euro–Loonie cross
- Pip size
- 0.0001
- Trading hours
- 24/5
- Central banks
- ECB and Bank of Canada
- Pip value (1 lot)
- C$10 per standard lot (about $7.30 at USD/CAD 1.3700)
- Character
- Oil and policy driven
What moves it
4 forces that drive EUR/CAD
ECB vs BoC
The expected rate gap between the euro area and Canada drives the medium-term trend.
Oil prices
Oil tends to push the two currencies in opposite directions.
Euro-area data
Inflation, PMIs and German indicators move the euro side.
Canadian data
Jobs and CPI releases move the Loonie.
When to trade
Best hours and key releases for EUR/CAD
Most active: The London–New York overlap, roughly 12:00–16:00 GMT (16:00–20:00 UAE time).
| Session | GMT | UAE time |
|---|---|---|
| Sydney | 21:00–06:00 | 01:00–10:00 |
| Tokyo | 00:00–09:00 | 04:00–13:00 |
| LondonActive | 07:00–16:00 | 11:00–20:00 |
| New YorkActive | 12:00–21:00 | 16:00–01:00 |
Releases that move EUR/CAD
- ECB rate decisionEight times a year.
- BoC rate decisionEight times a year.
- Euro-area flash HICPMonthly.
- Canadian jobs and CPIMonthly.
- US crude inventories (EIA)Weekly, usually Wednesday.
Spreads can widen and prices can gap around these releases. Check an economic calendar for exact dates and times.
Pricing
EUR/CAD spreads by account
Choose the account that fits your trading. The live EUR/CAD spread is always shown in MT5 before you place an order.
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 EUR/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 EURCAD in MT5
Log in to MetaTrader 5, open Market Watch and add EURCAD 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 EUR/CAD, can move quickly against you, especially around news releases.
FAQ
Frequently asked questions
What is the spread on EUR/CAD at IST Markets?
Spreads on IST Markets accounts start from 1.6 pips on Classic, 1.0 pips on Premium and 0.0 pips plus commission on VIP. The spread on EUR/CAD is variable and depends on market conditions; the live spread is always shown in MT5 before you trade. Cross pairs usually have wider spreads than the majors.
What is the pip value of EUR/CAD?
One pip on EUR/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 EUR/CAD?
The pair trades 24 hours a day, Monday to Friday. It is usually most active during The London–New York overlap, roughly 12:00–16:00 GMT (16:00–20:00 UAE time). Liquidity tends to be thinnest around the daily rollover and late on Fridays, when spreads can widen.
How do oil prices affect EUR/CAD?
Canada exports oil and Europe imports energy, so higher oil prices tend to strengthen the Canadian dollar relative to the euro and push EUR/CAD lower. The link is not constant, so combine it with other analysis.
What is the difference between EUR/CAD and USD/CAD?
Both share the Canadian dollar, but EUR/CAD replaces US news with euro-area news. USD/CAD is a major with deeper liquidity; EUR/CAD usually has wider spreads.
Ready to trade EUR/CAD on MT5?
Register in about 5 minutes; account verification may take longer.