Canadian dollar

Canadian dollar
ISO 4217
Code	Template:ISO 4217/code/format
Subunit	Template:ISO 4217/code-minor-unit/format
Unit
Symbol	$ ‎
Nickname	Loonie (for the $1 coin)
Denominations
Banknotes
Freq. used	$5, $10, $20, $50, $100
Coins
Freq. used	5¢, 10¢, 25¢, $1, $2
Issuance
Central bank	Bank of Canada
Website	www.bankofcanada.ca
Printer	Canadian Bank Note Company, BA International
Mint	Royal Canadian Mint

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The Canadian dollar (symbol: $; code: CAD) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes CA$, Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

History[edit | edit source]

The Canadian dollar was created in 1858, replacing the Canadian pound. The Bank of Canada was established in 1934 and began issuing notes in 1935. The Royal Canadian Mint produces all Canadian coins.

Coins[edit | edit source]

Canadian coins are produced by the Royal Canadian Mint in Winnipeg, Manitoba. The most commonly used coins are the 5¢ (nickel), 10¢ (dime), 25¢ (quarter), $1 (loonie), and $2 (toonie).

Banknotes[edit | edit source]

Canadian banknotes are issued by the Bank of Canada. The current series of banknotes, known as the Frontier Series, includes denominations of $5, $10, $20, $50, and $100.

Exchange Rates[edit | edit source]

The value of the Canadian dollar is determined by foreign exchange markets. It is often compared to the United States dollar (USD), Euro (EUR), and other major currencies.

Economy[edit | edit source]

The Canadian dollar is an important currency in the global economy, particularly in the commodity markets. Canada is a major exporter of natural resources such as oil, natural gas, and minerals.

Related Pages[edit | edit source]

Template:NorthAmerican currencies

This Money-related article is a stub. You can help WikiMD by expanding it.

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