:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/D5P7EXERLJCJLKY2WJNYMEAF2Y.png "Canada: Closing rate of the euro today August 10 from EUR to CAD")
During the last session, the euro paid at closing 1.32 Canadian dollars on averageso this implied a change of 0.08% from the 1.32 Canadian dollars average of the previous session.
Looking at last week’s data, the euro accumulates an increase of 0.16%; but over the past year it still racks up a decline in 8.22%. Regarding previous dates, he added two successive days in positive. Volatility last week was clearly lower than that accumulated over the past year, presenting itself as a value with less variation than usual lately.
Canadian dollar
The Canadian dollar It is the official monetary unit in Canada, to refer to it the acronym CAD is 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 minting 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 blow that the coronavirus pandemic represented.
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 country’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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