After the opening of the markets, the euro is listed at the start of trading at 1.44 Canadian dollars on averagewhich represents a change of 0.13% compared to the previous day’s data, when it ended with 1.45 Canadian dollars on average.

Considering the last seven days, the euro records a fall 0.19%; On the other hand, last year, it still maintains a rise of 7.83%.

Regarding today’s changes compared to past days, the direction of previous data changes, where an increase of 0.6% was recorded, not allowing to establish a clear trend lately. Regarding the volatility of the last days, it presents a performance significantly higher than the volatility indicated in the data of the last year, so that it presents greater changes than the general trend of the value.

He Canadian dollar It is the official monetary unit in Canada, to refer to it the initials CAD are used 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 issue 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.

He 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.