He euro was traded at closing 1.47 Canadian dollars on averagewhich represents a variation of 0.57% compared to the value of the day before, where it was quoted at 1.48 Canadian dollars on average.

Looking at data from the last seven days, the euro marks a decrease in 1.54%; but over the past year, there has been an increase 0.78%.

Compared to past dates, it has accumulated three consecutive sessions of decline. The volatility of the last seven days presented a slightly higher balance than the volatility shown in last year’s figures, indicating that it is going through a phase of instability.

He 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 sterling, the Spanish dollar and the peso.

It was on July 1, 1858 that the authorities ordered the printing of the first Canadian dollars, which were adopted to the decimal system in the following years. However, it was not until 1871 that monetary unification was approved of all Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.

Currently, Canadian coins of 1, 5, 10 and 25 are used cents, 1 and 2 dollars, which are issued by the Royal Canadian Mint; On the other hand, banknotes of 5, 10, 20, 50, 100 and 1,000 dollars are issued by the Bank of Canada and are produced in Ottawa.

In economic matters, the Organization for Economic Cooperation and Development (OECD) recently confirmed that Canada has passed its tipping point and is heading towards a period of moderate growth, after the hard blow represented by the SARS-CoV-2 pandemic.

On the other hand, Canada also managed to position itself as the main trading partner of the United States at the end of 2021, with a 14.5% share among the country’s top 15 partners.

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