:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/Z24DJ32IAJGMZFJTYHPGHL5SBA.jpg "Canada: Closing rate of the euro today October 13 from EUR to CAD")
The euro paid at closing 1.34 Canadian dollars on averagewhich implied a change of 0.24% from the previous day’s value, when it ended at 1.34 Canadian dollars on average.
Looking at last week’s data, the euro recorded an increase of 0.43%; However, year-on-year, it still maintains a decline of 5.87%. Compared to previous days, he added four consecutive sessions of ascent. The volatility of the last seven days is visibly lower than the figures reached last year (6.97%), indicating that it can be said that it is going through a period of greater stability lately.
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.
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 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 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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