:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/4MHMXX7COVDGPAF46MV4FX6LL4.jpg "Opening value of the euro in Canada this September 21 from EUR to CAD")
In today’s session, the euro traded early in the day at 1.33 Canadian dollars on averagea variation of 0.46% compared to the average of 1.33 CAD for the previous session.
Considering the last seven days, the euro mark a rise 0.02%; However, year-on-year, it still accumulates a decline of 8.66%. Compared to previous days, it reverses data from the day before, when it ended up 0.03%, unable to establish a clear trend recently. Regarding the volatility of the last few days, it is 3.98%, which is a figure significantly lower than the annual volatility data (6.8%), presenting itself as a value with less variation than the general trend indicates. in the latest dates.
Canadian dollar
The 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 printing 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.
Regarding the economy, 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 severe blow represented by the SARS-CoV-2 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 nation.
The International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and 2.8% in 2024, which would mean a slowdown from the 4.7 reached in 2021.
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