The euro is trading at the opening at 1.41 Canadian dollars, which implied an increase of 0.31% compared to the price of the previous day, when it reached 1.40 Canadian dollars.
Taking into account last week, the euro recorded a decrease of 0.71%, so in year-on-year terms it still maintains a decrease of 4.41%. In relation to the changes of this day compared to previous days, it adds three consecutive sessions on the rise. The volatility figure shows a clearly higher return than the volatility reflected in the last year's data, so it is showing a more unstable behavior.
In the annual photo, the euro has been paid at a maximum of 1.46 Canadian dollars, while its lowest level has been 1.38 Canadian dollars. The euro is positioned closer to its low than its maximum.
Canadian Dollar
The Canadian dollar is the official currency unit in Canada, to refer to it the acronym CAD and 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 until 1871 that the monetary unification of all Canadian provinces was approved to use the dollar, finally abolishing the gold standard in 1933.
Today, Canadian coins of 1, 5, 10 and 25 cents, 1 and 2 dollars are used, which are issued by the Royal Canadian Mint; on the other hand, 5, 10, 20, 50, 100 and 1000 dollar notes are issued by the Bank of Canada and are produced in Ottawa.
In the economic sector, the Organization for Economic Cooperation and Development (OECD) recently confirmed that Canada has passed its tipping point and is heading for a period of moderate growth, following the hard blow that the coronavirus pandemic represented.
On the other hand, Canada has also managed to position itself as the main trading partner of the United States at the end of 2021, with a 14.5% share of the country's 15 main partners.
The International Monetary Fund (IMF) expects Canada to grow by 4.1% by 2022 and by 2023 to grow by 2.8%, which would mean a slowdown after 4.7% in 2021.
Agencies
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