:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/PIXS3TEMAZFBPEPACF7CDQTOM4.jpg "Closing rate of the euro in Canada this October 24 from EUR to CAD")
During the last session, the euro paid at closing 1.35 Canadian dollars on averagewhich implied a change of 0.64% from the previous day’s value, when it ended at 1.35 Canadian dollars on average.
Compared to the last seven days, the euro marks an increase of 0.65%; but for a year it still maintains a drop in 4.78%. Regarding previous dates, it reversed the data of the day before, when it ended with a decline of 0.03%, without being able to establish a stable trend lately. The volatility of the last seven days was lower than that accumulated last year, presenting itself as a value with less changes than normal in recent times.
canadian currency
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 issue 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 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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