:quality(85)/cloudfront-us-east-1.images.arcpublishing.com/infobae/ULVUY2FSYNFF3NWTGWBAFC6EOE.png "Canadian Dollar (CAD) Initiation Value on March 17")
At
start of the day, the The US dollar is be was trading at 1.27 Canadian dollars, which This represents a decrease of 0.07% compared to the previous day’s value, which remained at 1.27 Canadian dollars.
We
the last 7 days, the The US dollar has declined 0.6%but, on the contrary, it has still increased 4.74% compared to the previous year. For the previous day, we add three consecutive sessions as a negative number. The volatility value is slightly higher than the value accumulated over the past year, so it shows a larger variation than the usual trend of the value.
Last year, the American dollar rose to 1.29 Canadian dollars, and the lowest level was 1.25 Canadian dollars. Oh The US dollar is located closer to the minimum than to the maximum.
Canadian recovery
Oh
The Canadian dollar is the official monetary unit of Canada, abbreviated as CAD and subdivided into 100 cents.
The Canadian dollar has been used in almost all countries after replacing the British pound sterling, the Spanish dollar and the peso.
On July 1, 1858, the authorities ordered the issue of the first Canadian dollar, which was adopted as a decimal system the following year. However, in 1871, the decimal system was adopted. the unification of currencies in all Canadian provinces was approved for the use of the dollar and finally the gold standard in 1933 was abolished .
Today, Canadian coins of 1, 5, 10, 25 are used cents1 and 2 dollars issued by the Royal Canadian Mint. On the other hand, the 5, 10, 20, 50, 100 and 1,000 dollar notes are issued by Canadian banks and are produced in Ottawa.
As for the economy, the Organisation for Economic Co-operation and Development (OECD) recently confirmed that Canada has turned a corner and is heading into a period of moderate growth due to the severe blow of the coronavirus pandemic..
At the same time, Canada emerged as an important trading partner of the United States at the end of 2021, with a 14.5% share among the United States’ top 15 trading partners.
Oh International Monetary Fund (IMF) expects Canada to grow by 4.1% by 2022 and 2.8% by 2023, indicating a slowdown from 4.7% in 2021.
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Agencies
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