Closing the value of the dollar in Canada on April 4 from the US dollar to the Canadian dollar

On the last day American dollar Traded at close $1.25 CAD on averagewhich means a decrease of 0.34% compared to the value of the previous day, when it represented CAD 1.25 on average.

Referring to profitability in the past seven days, the American dollar accumulates a decrease in 0.14%; On the contrary, it still accumulates for a year in 1.22%. As for the changes on this day relative to previous dates, it ended three sessions of positive streaks. The volatility referring to last week is clearly lower than last year’s figure (6.03%), so that the differences at this last stage are less than expected.

In the annual photo, American dollar It was paid a maximum of C$1.29 on average, while the low was C$1.25 on average. The American dollar It is placed close to its minimum than to its maximum.

Canadian Healing

The Canadian dollar It is the official monetary unit of Canada, to refer to it, the abbreviation CAD is used and is divided into 100 cents.

It should be noted that the Canadian dollar has been used for almost the entire history of the country, having replaced the British pound, the Spanish dollar and the peso.

It was on July 1, 1858, when the authorities ordered the minting of the first Canadian dollar, which was adopted into the decimal system in the following years. However, it wasn’t until 1871 Cash Consolidation Approved of all Canadian provinces to use the dollar, and the gold standard was finally abolished in 1933.

Canadian 1, 5, 10 and 25 coins are currently in use. cents, 1 and 2 dollars, issued by the Royal Canadian Mint; On the other hand, the 5, 10, 20, 50, 100 and 1000 dollar banknotes are issued by the Bank of Canada and produced in Ottawa.

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Regarding the economy, the Organization for Economic Co-operation and Development (OECD) confirmed this recently Canada has crossed the tipping point And it is heading towards a period of moderate growth, after the severe blow of the COVID-19 pandemic.

On the other hand, Canada also managed to position itself as the major trading partner of the United States at the end of 2021, with a 14.5% share in relation to the nation’s 15 major partners.

The International Monetary Fund (The International Monetary Fund) expects Canada to grow by 4.1% in 2022 and by 2023 it will grow by 2.8%, which means a slowdown after reaching 4.7 in 2021.

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Sacha Woodward

"Wannabe writer. Lifelong problem solver. Gamer. Incurable web guru. Professional music lover."

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