:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/V3JPYKXUOZD43JKN42MADNA2TY.jpg "The opening value of the euro in Canada this November 23 from EUR to CAD")
The euro is paid at the start 1.39 Canadian dollars on averagewhich represented a change of 0.74% compared to the previous day’s data, when it had closed at 1.38 Canadian dollars on average.
With reference to the profitability of the last seven days, the euro shows an increase of 0.54%; but last year it still maintains a drop in 2.66%.
By comparing this data with that of the previous dates, it connects two consecutive sessions of gains. The volatility referring to the last week is lower than the data obtained for the last year (7.16%), so in this last phase there are less variations than the general trend indicates.
Canadian dollar
The 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 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 blow caused by the coronavirus 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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