May 28, 2024


Complete Canadian News World

Check out the dollar price when it opens in Canada this March 2nd

At the beginning of the day US dollar Quoted at the beginning 1.27 Canadian dollarsThis is a decrease of 0.49% compared to the previous day’s data which was 1.27 Canadian dollars.

In connection with the profit of the last seven days, the US dollar Accumulates less 1.04%; Nevertheless, on a year-on-year basis, it still retains a rise 4.62%. Comparing the value with past dates, it reverses the previous day’s price, where it rose 0.63%, indicating a lack of stability at the end. The volatility for the last week is 9.36%, which is higher than the annual volatility data (6.01%), indicating a highly volatile behavior.

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. The US dollar It is placed closer to its value than the minimum value.

Canadian recovery

The Canadian dollar It is the official currency of Canada, the abbreviation CAD is used to denote it and is divided by 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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With regard to the economy, it was recently confirmed by the Organization for Economic Co-operation and Development (OECD). 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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