Opening value of the euro in Canada this June 3 from EUR to CAD

The euro is the second most important currency on Canadian territory. (Infoba)

He euro is listed at the start of operations at 1.48 Canadian dollars on averageso that this implied a variation of 0.2% compared to the data of the previous session, where it amounted to 1.48 Canadian dollars.

Over the past seven days, the euro recorded a decrease in 0.01%%; although over the past year it has still accumulated an increase of 2.46%.

If we compare the value with past days, it has had two consecutive sessions on the rise. As for the volatility of recent days, it is significantly lower than that accumulated last year, so we can say that it is going through a period of greater stability in recent days.

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 minting 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.

Currently, Canadian coins of 1, 5, 10 and 25 are used cents, 1 and 2 dollars, 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.

Regarding the economy, the Organization for Economic Co-operation 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 of the coronavirus pandemic.

On the other hand, Canada also managed to position itself as the United States' main trading partner 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.

Mona Watkins

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