:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/HTUCFHDYT5C7RHCNTIQ7INRZG4.jpg "The opening value of the euro in Canada this October 27 from EUR to CAD")
The euro It is listed at the start of operations at 1.36 Canadian dollars on averagethus implying a variation of 0.91% compared to the figure of the previous session, where it traded on average at 1.37 Canadian dollars.
Compared to last week, the euro marks an increase of 0.72%; but over the past year it still racks up a decline in 5.27%. As for the variations of this day compared to the previous days, it ends three sessions of positive sequence. The volatility figure is higher than that accumulated last year, so the value is undergoing greater changes than the general trend.
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.
In the economic field, 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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