July 15, 2024


Complete Canadian News World

Canada: The dollar closed today, February 24

Canada: The dollar closed today, February 24

The US dollar Traded at the last minute 1.28 Canadian dollarsSo it is up 0.6% compared to the previous day’s $ 1.27.

Considering last week, the US dollar Records the rise 0.45% And over the past year it has maintained even higher 6.21%. Analyzing this data with the data of the last days shows that when the value of the previous day was reduced by 0.14%, it was not possible to establish a clear trend in recent days. The volatility of the last seven days is lower than the number reached in the previous year (5.96%), so it has been more consistent than the general trend in recent times.

In the annual photo, The US dollar It was converted to a high of C $ 1.28, while its lowest level was C $ 1.25.

Canadian recovery

The Canadian dollar It is the official monetary unit in Canada, abbreviated as CAD and denotes 100 cents.

It should be noted that after the conversion of the Canadian dollar to the British pound sterling, the Spanish dollar and the peso were used almost throughout the history of the country.

On July 1, 1858, the authorities ordered the creation of the first Canadian dollar, which was adopted for the decimal system in subsequent years. However, that was not until 1871 Cash consolidation approved All Canadian provinces use the dollar, and finally abolished the gold standard in 1933.

Today 1, 5, 10 and 25 Canadian coins are used St., $ 1 and $ 2, supplied by the Royal Canadian Mint; On the other hand, $ 5, 10, 20, 50, 100 and $ 1,000 bills are issued by Bank of Canada and are made in Ottawa.

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At the Economic Branch, the Organization for Economic Co-operation and Development (OECD) recently confirmed this Canada has crossed its key point And after a severe stroke represented by corona virus infection, goes into a period of moderate development.

Canada, on the other hand, was able to establish itself as a key trading partner of the United States by the end of 2021, with 14.5% participation among the country’s 15 key partners.

The International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and 2.8% in 2023, after the recession of 4.7 in 2021.

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