The American dollar is quoted at the opening 1.29 Canadian dollars on averageit was therefore 0.02% compared to the 1.29 Canadian dollars on average the previous day.
If we consider the data of the last seven days, the American dollar registered a decrease of 0.6%; but in annual terms, it still maintains an increase of 2.26%. By analyzing this data with those of the past days, accumulates two consecutive sessions in positive figures. Referring to last week’s volatility, it presents a lower performance than the volatility reflected in last year’s figures, presenting as a value with less variation than normal recently.
In the annual photo, the American dollar it was paid at a high of 1.30 Canadian dollars on average, while its lowest level was 1.25 Canadian dollars on average.
the canadian recovery
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 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 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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