The euro was traded at closing 1.32 Canadian dollars on averagewhich implied a variation of 0.61% compared to the 1.33 Canadian dollar on average the day before.

Looking at last week’s data, the euro accumulates a drop of 0.86%for this reason, from one year to the next, there is still a decrease in 9.2%. Analyzing this data with that of the previous days, it reversed the result of the previous session, in which it closed with a rise of 0.56%, proving unable to establish a stable trend lately. During the last week, the volatility has been lower than that accumulated over the last year, presenting itself as a value with less change than the general trend of the last few days indicates.

the canadian recovery

The Canadian dollar It is the official monetary unit in Canada, it is represented by 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, having replaced the British pound, the Spanish dollar and the peso.

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

Canadian coins of 1, 5, 10 and 25 are currently used. pennies, 1 and 2 dollars, issued by the Royal Canadian Mint; on the other hand, the notes of 5, 10, 20, 50, 100 and 1000 dollars are issued by the Bank of Canada and produced in Ottawa.

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

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

The International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and by 2023, growth of 2.8%, which would mean a slowdown from the 4.7 reached in 2021.

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