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
- IBM Scientists Find New Way to Shrink Transistors - NYTimes.com (1 October 2015, 7:31 pm)
- Who's dodging Obamacare Cadillac tax - CNBC (1 October 2015, 7:24 pm)
- Russia Entry Adds New Fuel to Syria War - WSJ (1 October 2015, 6:32 pm)
Reports & Events: Canadian Dollar
- Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce (3 February 2016, 4:15 pm)
- Monetary Policy Report Press Conference Opening Statement (20 January 2016, 11:15 am)
- Bank of Canada maintains overnight rate target at 1/2 per cent (20 January 2016, 10:01 am)
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