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Thinking of trading CADMXN?

    1. The Bank of Canada has no specific target value for the CAD and has not intervened in the foreign exchange markets since 1998. It believes the value of the currency should be defined by its market performance. This is something very interesting for traders, as they will not have to worry about sudden unexpected decisions that would influence the currency (watch out for the SNB though, as this bank is indeed known for doing so)2. Unlike the EU, USA and Australia, Canada has only one index (Ivey PMI). The release of this index is basically a direct representation of the Canadian economy.
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"Canada and Mexico are each other's third largest trading partner, with two-way merchandise trade reaching over $37.8 billion in 2015."- Government of CanadaIn addition to the many Canadian organizations that have investment, trade, and business ties in Mexico, Canadian direct investment in Mexico went above $14.8 billion (stock) in 2015. That same year, Mexican investment in Canada was $1.4 billion (stock).In the mid 1900 the first banknotes of the USD were introduced whilst the Mexican Peso's current version took form in 1993, after several years of inflation, devaluation and capital flight following the oil crisis of the late 1970. The Canadian dollar substituted the imperialistic Canadian pound in the 1850s.In 2015, Canada was ranked 10th in GDP, while Mexico ranked 15th. In 2015, Canada was the 11th largest exporter and 10th largest importer in the world. Mexico was the 10th largest exporter and the 13th largest importer. Mexico is one of Canada's top export destinations, as well as one of its top sources for imports. And Canada is one of Mexico's top export destinations.

1. In Mexico, the Foreign Exchange Commission consists of officials from the Bank of Mexico and the Ministry of Finance, and it's responsible for the foreign exchange policy of Mexico. In 1994, it was determined that market forces would establish Mexico's exchange rate, so the nation follows a floating exchange rate/free float regime like Canada. 2. Due to the fact that the United States is the primary trading partner for both countries, the value of the USD may have a profoundly influential role on the value of both the CAD and MXN. In 2017, the peso fell to a record low against the USD due to President Trump's unfavourable outlook toward Mexico, because trade partnerships are critical factors for a country's GDP. 3. The Canadian dollar (CAD) works under a floating exchange rate regime. Therefore, the CAD exchange rate may be determined by supply and demand. Other factors that might influence CAD's value include commodity prices, interest rates, and inflation rates.