February 25, 2024


Complete Canadian News World

Dollar: May 2 closing price today in Canada

Dollar: May 2 closing price today in Canada

In the last session The US dollar Traded at the last minute The average is $ 1.29This represents an increase of 0.14% compared to the previous day’s value of $ 1.29 on average.

In the last seven days, the US dollar Accumulates increase 0.37%So on a year-on-year basis it maintains a further rise 2.46%. As for the previous days, it turned the end of the previous day upside down, where it closed with a fall of 0.4%, unable to establish a steady trend in recent days. The last seven days fluctuation was 4.65%, which is lower than the annual fluctuation rate (6.13%), which is a value that has been lower than expected in recent times.

In the annual photo, The US dollar It averaged a high of $ 1.29, while its lows averaged $ 1.25. The US dollar It is located higher than its minimum.

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.

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 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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