May 30, 2024


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Dollar: March 8 closing price today in Canada

Dollar: March 8 closing price today in Canada

In the last session The US dollar Traded at the last minute 1.29 Canadian dollarsThis represents an increase of 0.56% compared to the previous day’s price, which was 1.28 Canadian dollars.

If we consider the data of the last seven days, the US dollar Scores rise 2.07%So in the last year it has been increasing even more 6.79%. Comparing this data with the previous days, it raised two consecutive dates. The volatility representing the previous week is clearly higher than the data obtained last year (6.09%), which shows that it gives more variance than the general trend of the value.

In the annual photo, The US dollar It was converted to a maximum of 1.29 Canadian dollars, while its minimum level was 1.25 Canadian dollars.

Canadian dollar

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 printing 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.

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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At the Economic Branch, the Organization for Economic Co-operation and Development (OECD) recently confirmed this Canada has crossed its key point And SARS-CoV-2 goes into a period of moderate development, after the severe blows indicated by the infection.

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 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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