The euro was paid at closing at 1.39 Canadian dollars on average, a decrease of 0.12% compared to the previous day's price, when it closed at 1.39 Canadian dollars on average.
If we consider the data for the last seven days, the euro accumulates a decrease of 0.94%, which is why for a year now it has still accumulated a fall of 5.82%. With regard to past dates, he added two successive sessions in the red. The volatility figure is lower than the numbers achieved for the last year (6.12%), which shows that in this last phase there is less change than the general trend indicates.
In the last year, 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 low than its maximum.
The Canadian recovery
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 minting 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.
Currently, 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.
On the economic front, 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 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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