In today’s session, the euro traded early in the day 1.33 Canadian dollars on averagewhich represents a variation of 0.46% compared to the 1.33 Canadian dollar on average during the previous session.

Considering the last seven days, the euro marks an increase of 0.02%; however, year-on-year, it still racks up a decline of 8.66%. As for the previous days, it reverses the data from the previous day, when it ended up 0.03%, not being able to establish a clear trend recently. Regarding the volatility of the last few days, it is 3.98%, which is a figure significantly lower than the annual volatility figure (6.8%), presenting itself as a value with less variation than indicated by the general trend of recent dates.

Canadian dollar

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.

Today Canadian coins of 1, 5, 10 and 25 are 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.

Regarding the economy, 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 succeeded in positioning itself as the largest trading partner of the United States at the end of 2021, with a 14.5% share compared to 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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