June 25, 2022

OsoyoosToday

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Dollar: May 23 starting price today in Canada

At the beginning of the day US dollar Quoted at the beginning $ 1.28 on averageSo it is down 0.21% compared to the previous day average of 1.28 Canadian dollars.

In the last seven days, the US dollar Decreased 0.16%; On the other hand, for a year it accumulates even more increase 2.16%. Adds two consecutive sessions on negative digits compared to previous days. Over the past week, there has been less volatility than accumulated over the past year, indicating that there have been fewer changes than usual at this last point.

In the past year, The US dollar It shifted the high to an average of 1.30 Canadian dollars, while its lows averaged 1.25 Canadian dollars.

Canadian currency

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 first Canadian dollars to be printed, 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.

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 marked by Govt-19 infection, progresses to 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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