October 1, 2022

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Dollar: Starting price today, April 12 in Canada

At the beginning of the day US dollar Quoted at the beginning The average is $ 1.26This represents a decrease of 0.16% compared to the previous session, which averaged $ 1.26.

For the past seven days, The US dollar Accumulates increase 0.55%For a year it still maintains a high 2.21%. With regard to previous dates, it stops two consecutive sessions with a positive trend. When referring to last week’s fluctuations, it presents less behavior than the volatility reflected in last year’s figures, so it has more consistent behavior than the general trend.

In the annual photo, The US dollar It averaged a high of $ 1.29, while its lows averaged $ 1.25. The US dollar Is closer to its minimum value than to its maximum value.

Canadian recovery

The Canadian dollar It is the official monetary unit in Canada, abbreviated as CAD and denotes 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.

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 the 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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