Dollar: Canada closes today March 15

In the

last session, the US dollar traded at 1.28 Canadian dollars, a decrease of 0.44% compared to the previous day's value when it traded at 1.28 Canadian dollars.

The US dollar fell 0.3% last week. Nevertheless, it still rose 5.41% over the course of the year. Comparing this figure with the figure of the previous day, which was not able to establish a stable trend in recent dates, closed with an increase of 0.05%. The volatility over the past few days was 6.45%, which is subtly higher than the annual volatility figure (6.14%), thus showing a greater change than the general value trend.

annual photo, the US dollar turned into 1.29 Canadian dollars, and the lowest level was 1.25 Canadian dollars. The US dollar is closer to its value than its lowest.

Canadian recovery

Canadian dollar is the official currency unit of Canada and is denoted by the abbreviation CAD and is subdivided into 100 cents.

The Canadian dollar was 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 printing of the first Canadian dollar, which was adopted as a decimal system the following year.However, by 1871, the unification of currencies in all Canadian provinces was approved for the use of dollars, and finally the gold standard in 1933 was abolished.

Today, Canadian coins of 1, 5, 10, 25 cents, 1, and 2 dollars issued by the Royal Mint of Canada are used. On the other hand, 5, 10, 20, 50, 100 and 1000 dollar bills are issued by Canadian banks and are produced in Ottawa.

economic side, the Organization for Economic Cooperation and Development (OECD) recently confirmed that Canada has passed a turning point and is heading towards a moderate growth period following the heavy blow of the SARS-CoV-2 epidemic.

Meanwhile, Canada has established itself as a major trading partner in the United States at the end of 2021, with a share of 14.5% of the 15 major US partners.

The International Monetary Fund (IMF) expects Canada to grow 4.1% by 2022 and 2.8% by 2023, indicating a slowdown after 4.7% in 2021.

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