Why do they call usdcad funds?

The term "USDCAD funds" refers to the funds or assets held in U.S. dollars (USD) that are converted or traded against Canadian dollars (CAD). In a financial context, "funds" typically denote pools of capital used for investment or trading. In this case, it emphasizes the currency pair's role in foreign exchange markets where traders and investors manage their capital in relation to the USD and CAD.