August 18, 2022

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Dollar: April 8 closing price today in Canada

In the last session The US dollar Paid on completion The average is $ 1.26So it is down 0.14% compared to the average of 1.26 Canadian dollars in the previous session.

Referring to last week’s profit, The US dollar Indicates elevation 0.35%That’s why there’s still a hike for a year 2.05%. Comparing the data with the previous days, it would put an end to two sessions of positive streak. The volatility that marked last week provided a lower balance than the fluctuation reflected in last year’s figures, so there are fewer differences than usual at this last point.

In the past year, The US dollar The average maximum paid was $ 1.29, while its minimum amount averaged $ 1.25. The US dollar Is closer to its minimum than to its maximum.

Canadian recovery

The Canadian dollar It is the official currency of Canada, denoted by the abbreviation CAD and denominated in 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 issuance of the first Canadian dollars, which were 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.

Canadian coins 1, 5, 10 and 25 are currently in use. 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 a 14.5% share compared to the country’s 15 major 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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