About this pair
XAG/CAD: what to know
The XAG/CAD rate shows how much CAD you get for 1 XAG. Right now, 1 XAG buys 89.4471 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.0112 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while CAD responds to oil prices and the US economy.
“XAG” uses silver’s Latin symbol Ag (argentum). 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”.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.