On the last day, the euro quoted at the end 1.49 Canadian dollars on averageso that this implied a decrease of 0.47% compared to the previous day’s data, which was 1.50 Canadian dollars on average.

Considering last week, the euro accumulates an increase of 0.14% and for a year, it has always maintained an increase 3.4%.

Compared to past dates, it is difficult to dictate a clear direction given the existing fluctuations. The volatility referring to last week presented a lower balance than the volatility shown by last year’s data, so that in this last phase the trend is less altered than the general trend indicates.

He Canadian dollar It is the official monetary unit in Canada, the acronym CAD is used to refer to it and it is subdivided into 100 cents.

It should be noted that the Canadian dollar has been used almost throughout the country’s history, having replaced the British pound sterling, the Spanish dollar and the peso.

It was on July 1, 1858 that the authorities ordered the issue of the first Canadian dollars, which were adopted by the decimal system in the following years. However, it was not until 1871 that monetary unification was approved of all Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.

Today, Canadian coins of 1, 5, 10 and 25 are used cents, 1 and 2 dollars, which are issued by the Royal Canadian Mint; On the other hand, banknotes of 5, 10, 20, 50, 100 and 1,000 dollars are issued by the Bank of Canada and are produced in Ottawa.

In the economic field, the Organization for Economic Cooperation and Development (OECD) recently confirmed that Canada has passed its tipping point and is heading towards a period of moderate growth, after the hard blow represented by the SARS-CoV-2 pandemic.

On the other hand, Canada also managed to position itself as the main trading partner of the United States at the end of 2021, with a 14.5% share among the country’s top 15 partners.

He International Monetary Fund (IMF) forecasts that Canada will grow by 4.1% in 2022 and 2.8% by 2023, which would mean a slowdown after the 4.7 reached in 2021.