On the last day, the euro was traded at closing 1.49 Canadian dollars on averageso that it represented a variation of 0.89% compared to the 1.48 Canadian dollars on average of the previous day.

Last week, the euro accumulates an increase of 1.15%so from one year to the next, it always maintains an increase 3.85%.

By comparing this data with that of past days, we have accumulated five successive dates of increase. Last week’s volatility is slightly lower than last year’s figures (6.05%), so it has been behaving more stable than expected lately.

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 creation 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.

Regarding the economy, the Organization for Economic Co-operation 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.