ETH/CAD: what to know
The ETH/CAD rate shows how much CAD you get for 1 ETH. Right now, 1 ETH buys 3,480.22 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.000287338 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while CAD responds to oil prices and the US economy.
Ethereum popularised programmable “smart contracts”. 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 ETH/CAD rate has ranged between 2,222.74 and 6,543.68 — a change of -47.07% 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.