EUR vs CAD
Fundamentals favour the Canadian Dollar by 19 points.
On the Macro Currency Strength Meter, the Euro scores -40 and the Canadian Dollar scores -21 — a gap of 19 points in favour of the Canadian Dollar. The widest divergence is in commodities, which favours the Euro. All else equal that gap is a fundamental tailwind for the Canadian Dollar against the Euro — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | EUR | CAD | Edge |
|---|---|---|---|
| Interest Rates | -50 | -24 | CAD |
| Growth | — | -4 | EUR |
| Positioning | -56 | -34 | CAD |
| Risk Mood | +0 | -4 | EUR |
| Commodities | — | -39 | EUR |
Strength gap over time
EUR minus CAD fundamental score — above zero favours EUR. The gap is currently -19 and holding steady.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.