CAD vs EUR
🇪🇺1 CAD = 0.62 EUR
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
CAD / EUR| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About CAD / EUR
🇨🇦 CAD — Canadian Dollar
The Canadian Dollar, often called the 'Loonie' after the loon bird on the one-dollar coin, is the fifth most held reserve currency in the world. It is closely tied to commodity prices, especially oil.
🇪🇺 EUR — Euro
The Euro is the official currency of the Eurozone, used by 20 of the 27 European Union member states. It is the second most traded currency in the world after the US Dollar.
Key Factors Affecting CAD/EUR
🇨🇦 CAD Drivers
- Crude oil and commodity prices
- Bank of Canada interest rate decisions
- US-Canada trade relations and USMCA
- Canadian housing market and employment data
🇪🇺 EUR Drivers
- ECB monetary policy and interest rates
- Economic performance of major Eurozone economies
- Political stability within the EU
- Eurozone inflation and employment data
💡 Did You Know? — CAD
Canada's one-dollar coin features a common loon, which is why the Canadian dollar is nicknamed the 'Loonie.'
💡 Did You Know? — EUR
The Euro was introduced as an accounting currency in 1999 and physical euro coins and banknotes entered circulation in 2002.
Economy Overview
🇨🇦 Canada
Canada has a resource-rich economy with significant exports of crude oil, natural gas, and minerals. The Bank of Canada sets monetary policy independently from the US despite close economic ties.
🇪🇺 European Union
The Eurozone represents one of the largest economic blocs globally, with Germany and France as its largest economies. The European Central Bank (ECB) sets monetary policy for all Eurozone members.