During the last day, the euro paid at the close of 1.46 Canadian dollars on averagewhich implied a variation of 0.99% compared to the 1.48 Canadian dollars on average of the previous session.

Looking at last week’s data, the euro records a decrease of 0.27%; Despite this, for a year, it still maintains an increase of 1.93%.

If we compare the data with the previous dates, this ends three consecutive sessions with a positive trend. Referring to last week’s volatility, it presented a higher performance than the volatility reflected in last year’s figures, so it is going through a phase of instability.

He Canadian dollar It is the official monetary unit in Canada, it is represented by the initials CAD 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 were 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, which are issued by the Royal Canadian Mint; however, $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, Canada must also succeed 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 nation.

He International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and 2.8% by 2023, which would mean a slowdown from the 4.7 reached in 2021.