He euro is negotiated at the beginning 1.48 Canadian dollars on averagewhich represents a variation of 0.35% compared to the average of 1.47 Canadian dollars of the previous session.

In reference to last week’s profitability, the euro marks an increase in 0.93% and for a year, it has always maintained an increase 0.31%.

In relation to past days, add three positive dates in a row. Over the past week, volatility reached 2.55%, which is significantly lower than the annual volatility figure (5.88%), so it has had a more stable behavior than usual the last days.

He Canadian dollar It is the official monetary unit in Canada, the acronym CAD is used to refer to it 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 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 by 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 of the coronavirus 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.