In today’s session, the euro is paid at the start 1.44 Canadian dollars on averagewhich represented a change of 0.57% from the previous day’s value, when it ended at 1.45 Canadian dollars on average.

Compared to last week, the euro marks a decrease of 0.38%; However, year-on-year, it still maintains an increase of 5.15%.

If we compare the figure with the past days, it reverses the result of the previous day when it had seen an increase of 0.16%, proving unable to consolidate a clear trend lately. In reference to the volatility of the last week, it is 5.35%, which is a lower figure than the annual volatility data (6.92%), presenting itself as a value with less variation than usual these last time.

Canadian currency

the Canadian dollar It is the official monetary unit in Canada, to refer to it the initials CAD are used 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, 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 $5, $10, $20, $50, $100 and $1,000 notes are issued by the Bank of Canada and are 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 it is heading for a period of moderate growth, after the blow caused by the coronavirus pandemic.

On the other hand, it is also necessary that Canada has succeeded in positioning itself as the main trading partner of the United States at the end of 2021, with a participation of 14.5% compared to the 15 main partners of the country.

the International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and 2.8% in 2024, which would mean a slowdown from the 4.7 reached in 2021.

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