Skip to content
ForexCanada.ca

Major

EUR/USD — “Fiber”

EUR/USD is the world's most traded currency pair, pricing the euro in U.S. dollars. Its liquidity usually gives it the tightest spreads available at any broker, which is why many Canadian beginners start here even though neither currency is their own.

Reference rate

1.1336

Bank of Canada-derived · 2026-09-29

Pip value (10,000 units)

C$1.42

Pip size 0.0001

Most active (ET)

3 a.m.–noon ET (London session and the London–New York overlap).

EUR/USD — last 120 Bank of Canada observations

2026-09-29 → 2026-04-09 · +3.19%

Latest
1.1698
High
1.1804
Low
1.1336

What moves EUR/USD

  • ECB vs Federal Reserve interest-rate expectations
  • Eurozone and U.S. inflation and growth data
  • Energy prices and European political risk
  • Global risk appetite and U.S. dollar demand

The Canadian angle

Trading EUR/USD from a CAD account means your profit and loss is converted from U.S. dollars — so the loonie's moves affect your results too. Our pip calculator handles the conversion.

Related: what moves the loonie · pip calculator · market hours

Registered brokers to trade EUR/USD

  1. #1

    Interactive Brokers Canada

    CIRO-registered

    Best for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account

    Platforms
    TradingView
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.5/ 10
    Visit siteFull review
  2. #2

    Questrade

    CIRO-registered

    Best for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm

    Platforms
    Proprietary
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.4/ 10
    Visit siteFull review
  3. #3

    CMC Markets Canada

    CIRO-registered

    Best for: Traders who want the widest CFD and currency-pair range from a Canadian dealer

    Platforms
    MT4, TradingView
    FX pairs
    150+
    Min. deposit
    $0
    CIPF
    Yes

    ⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.

    8.9/ 10
    Visit siteFull review

Questions

What is one pip worth on EUR/USD in Canadian dollars?

A pip on EUR/USD is 0.0001. On 10,000 units that's 1 USD, or about C$1.42 at the latest Bank of Canada rate.

When is EUR/USD most active?

3 a.m.–noon ET (London session and the London–New York overlap).

Where can Canadians trade EUR/USD?

Through CIRO-registered dealers that offer forex, such as Interactive Brokers Canada, Questrade, CMC Markets Canada. Leverage on this pair is capped by CIRO margin rates.

Rates are Bank of Canada daily averages (cross rates derived via CAD) for information only — not trading prices or advice. Source: Bank of Canada.