:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/X24LIDT2M5G4BCUJPESLYJCEAM.jpg "The opening value of the euro in Canada this December 5 from EUR to CAD")
The euro is listed at the start of today at 1.42 Canadian dollars on averagewhich implied a variation of 0.14% compared to the 1.42 Canadian dollar on average the day before.
Compared to last week, the euro accumulates an increase of 1.54%so that last year it still maintains an increase of 2.03%.
Compared to previous dates, it puts a damper on two consecutive sessions with a negative trend. With reference to the volatility of the last week, it is slightly higher than that accumulated over the last year, so the value experiences greater variations than the general trend.
The Canadian Recovery
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 creation 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.
Canadian coins of 1, 5, 10 and 25 are currently used pennies, 1 and 2 dollars, issued by the Royal Canadian Mint; on the other hand, the $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 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.
We recommend you :
“Entrepreneur. Amateur gamer. Zombie advocate. Infuriatingly humble communicator. Proud reader.”
