On the last day the American dollar was paid at closing to 1.37 Canadian dollars on averagewhich implied a change of 0.32% when compared to the data from the previous session, when it stood at 1.36 Canadian dollars.
In relation to the last week, the American dollar notes a drop in 0.31%%; On the other hand, in interannual terms, it still accumulates an increase in 3.4%.
Compared to previous days, it reversed the data from the previous day where it experienced a decrease of 0.02%, demonstrating that it is unable to establish a clear trend recently. In reference to the volatility of the last week, it was 4.92%, which is a figure slightly lower than the annual volatility figure (5.22%), presenting itself as a value with fewer alterations than normal in recent days.
He Canadian dollar It is the official monetary unit in Canada, the acronym CAD is used to refer to it and it is subdivided into 100 cents.
It should be noted that the Canadian dollar has been used almost throughout the country’s history, after it replaced the British pound sterling, the Spanish dollar and the peso.
It was on July 1, 1858 when the authorities ordered the creation of the first Canadian dollars, which were adopted to a decimal system in the following years. However, it was not until 1871 that monetary unification was approved of all Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.
Today the Canadian coins of 1, 5, 10 and 25 are used cents, 1 and 2 dollars, which are issued by the Royal Canadian Mint; On the other hand, the 5, 10, 20, 50, 100 and 1,000 dollar bills are issued by the Bank of Canada and are produced in Ottawa.
Regarding the economy, recently the Organization for Economic Cooperation and Development (OECD) confirmed that Canada has passed its tipping point and is heading towards a period of moderate growth, after the hard blow represented by the SARS-CoV-2 pandemic.
On the other hand, Canada also managed to position itself as the United States’ main trading partner at the end of 2021, with a 14.5% share of the nation’s 15 main partners.
He International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and by 2023 by 2.8%, which would mean a slowdown after the 4.7 reached in 2021.
