After the opening of the markets, the euro paid at the start of the day 1.44 Canadian dollars on averagewhich represents a change of 0.19% compared to the previous day’s data, when it traded on average at 1.44 Canadian dollars.

Compared to last week’s profitability, the euro accumulates an increase of 0.2%so that in the past year it still maintains a rise of 6.14%.

If we compare the value with the previous days, it has kept variable results which prevent us from calculating a clear direction. As for the volatility of the last days, it is notoriously lower than that accumulated last year, so it has a more stable behavior than what the general trend of the last dates indicates.

The Canadian Recovery

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 minting 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; however, $5, $10, $20, $50, $100 and $1,000 notes are issued by the Bank of Canada and are produced in Ottawa.

In economic matters, 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, it is also necessary that Canada has succeeded 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 country.

He 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.