At the beginning of the day, the euro traded at the opening at 1.39 Canadian dollars on average, down 0.14% from 1.39 Canadian dollars on average the previous day.
Taking into account the last seven days, the euro accumulated a decline of 0.74%, so that in the last year it still retains a decrease of 5.61%. In relation to past dates, it turns the data from the previous day when it experienced an increase of 0.76%, showing in recent days an absence of stability in the result. In the last week, volatility is lower than the numbers achieved for the last year (6.12%), which indicates that its price is showing less change than usual lately.
In the annual photo, the euro has reached a maximum of 1.46 Canadian dollars on average, while its lowest level has been 1.38 Canadian dollars on average. The euro is positioned closer to its minimum value than to the maximum.
The Canadian currency
The Canadian dollar is the official currency unit in Canada, it is represented under the acronym CAD and is subdivided into 100 cents.
It should be noted that the Canadian dollar has been used almost throughout the history of the country, after it replaced the British pound sterling, the Spanish dollar and the peso.
It was on July 1, 1858 when the authorities ordered the printing 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.
With regard to the economy, 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 severe blow of the COVID-19 pandemic.
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 nation'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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