:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/TF2VYFYKMFBKNIZJD2FCBRTLZQ.jpg "The opening value of the euro in Canada this November 2 from EUR to CAD")
The euro is quoted at the start of the day today at 1.35 Canadian dollars on averagewhich was an increase of 0.07% from the previous day’s figure, when it finished with 1.35 Canadian dollars on average.
Considering the last seven days, the euro records a fall 0.42% and over the past year, it still maintains a decrease in 7.8%. Compared to past days, it ends three consecutive days with a flat trend. With reference to the volatility of the last week, it is higher than the data obtained for the last year (7.05%), which shows that it exhibits a more unstable behavior.
the canadian recovery
The Canadian dollar It is the official monetary unit in Canada, it is represented by the acronym CAD and 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.
Today Canadian coins of 1, 5, 10 and 25 are used pennies, 1 and 2 dollars, issued by the Royal Canadian Mint; on the other hand, the notes of 5, 10, 20, 50, 100 and 1000 dollars are issued by the Bank of Canada and 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 is heading for a period of moderate growth, after the blow that the coronavirus pandemic represented.
On the other hand, Canada has also succeeded in positioning itself as the largest trading partner of the United States at the end of 2021, with a 14.5% share compared to the nation’s top 15 partners.
The 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.
We recommend you :
“Entrepreneur. Amateur gamer. Zombie advocate. Infuriatingly humble communicator. Proud reader.”
