BTC/CAD: what to know
The BTC/CAD rate shows how much CAD you get for 1 BTC. Right now, 1 BTC buys 107,233.16 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.00000932547 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while CAD responds to oil prices and the US economy.
The supply is capped at 21 million coins. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the BTC/CAD rate has ranged between 83,183.09 and 174,121.43 — a change of -33.59% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.