Canadian Dollar (CAD)
About the Canadian Dollar
The Canadian “dollar” (plural: dollars) is the official currency used in the country of Canada, and one of the main currencies used in the French territory of St. Pierre and Miquelon. Its official currency code (ISO) is “CAD” and it is symbolized by “$”. The primary denominations include 1, 5, 10, 25 cent coins (sometimes represented by a cents “¢” symbol); 1 (popularly referred to as a “loonie”) and 2 (popularly referred to as a “toonie”) dollar coins (1 dollar = 100 cents); and 5, 10, 20, 50, and 100 dollar paper bank notes. In English-speaking Canada, decimal numbers are usually denoted using a point (e.g. 1.50), whereas in French-speaking Canada they are usually denoted using a comma (e.g. 1,50). The dollar has a floated exchange rate and its value is often seen as being dependent on commodity prices (Canada’s largest export).
Central Bank: Bank of Canada
News: Canadian Dollar
- Italy Cuts Income Taxes in Effort to Boost Economy - WSJ (18 April 2014, 6:23 pm)
- Forex Strategy: Holding Long USD/CAD, Short GBP/USD - XE.com (18 April 2014, 1:00 pm)
- University of Chicago Economist Who Studies Media Receives Clark Medal - NYTimes.com (18 April 2014, 12:36 am)
Reports & Events: Canadian Dollar
- Release of the Monetary Policy Report (16 April 2014, 10:03 am)
- Bank of Canada maintains overnight rate target at 1 per cent (16 April 2014, 10:01 am)
- Monetary Policy Report - April 2014 (16 April 2014, 10:00 am)
Discussions: Canadian Dollar
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