After the opening of the markets, euro paid at the start of the day 1.46 Canadian dollars on averagewhich implied a variation of 0.01% compared to the value of the previous session, where it amounted to 1.46 Canadian dollars on average.

Considering last week, the euro records a decrease of 0.1%; but in terms of year to year, it still maintains a rise 0.68%.

Compared to the past days, with this value it interrupts the streak it had on the previous two days. The volatility figure is significantly lower than the one accumulated last year, so it exhibits a more stable than normal behavior lately.

He Canadian dollar It is the official monetary unit in Canada, to refer to it we use 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 were 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.

Canadian coins of 1, 5, 10 and 25 are currently used pennies, 1 and 2 dollars, which are 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, Canada must also succeed 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.

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