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
- XE Market Analysis: Asia - May 22, 2015 - XE.com (22 May 2015, 5:04 pm)
- Better than raising minimum wage - CNBC (22 May 2015, 3:19 pm)
- Trade Idea: USD/CAD - Buy at 1.2180 - ActionForex (22 May 2015, 2:37 pm)
Reports & Events: Canadian Dollar
- Canadian economy rebuilding, though headwinds remain, says Governor Poloz (19 May 2015, 11:30 am)
- The Way Home: Reading the Economic Signs (19 May 2015, 11:29 am)
- Bank of Canada to issue a commemorative bank note marking the historic reign of Queen Elizabeth II (18 May 2015, 9:00 am)
Discussions: Canadian Dollar
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