The opening of the euro value in Canada on February 28 from the euro to the Canadian dollar

The euro is the second most important currency in Canada. (Infobae)

he euro Negotiation is made at the beginning of operations in 1.45 Canadian dollars on averagewhich means a change of 0.43% relative to the CAD 1.44 in the previous session’s average.

In the past seven days, it has been euro score an increase 0.78%so that it still maintains altitude at 7.86%.

he Canadian dollar It is the official monetary unit of Canada, represented by the initials CAD and subdivided into 100 cents.

It should be noted that the Canadian dollar has been in use for almost the entire history of the country, having replaced the pound sterling, Spanish dollars and pesos.

It was on July 1, 1858 when the authorities ordered the creation of the first Canadian dollar, which was adopted into the decimal system in the following years. However, that was not until 1871 Cash consolidation approved of all Canadian provinces to use the dollar, and finally abolished the gold standard in 1933.

The 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 $1,000 bills are issued by the Bank of Canada and produced in Ottawa.

And in terms of the economy, the Organization for Economic Co-operation and Development (OECD) recently confirmed this Canada has passed the tipping point It is heading for a period of moderate growth after the heavy blow dealt by the COVID-19 pandemic.

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On the other hand, it is also necessary that Canada has managed to position itself as the main trading partner of the United States at the end of 2021, with a participation of 14.5% compared to the fifteen main partners of the country.

he 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.

Sacha Woodward

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

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