June 26, 2022

OsoyoosToday

Complete Canadian News World

The starting value of the dollar in Canada on June 9 is USD to CAD

The US dollar Traded in the open The average is $ 1.26So it was 0.31% higher than the previous session number when trading at C $ 1.26 on average.

Considering last week, the US dollar Has recorded an increase 0.02%; But on a year-on-year basis it still maintains a decline 0.68%. This adds up to two consecutive days of positive statistics compared to the previous days. Fluctuations are lower than last year (6.27%), so this last phase shows lower variances than expected.

In the annual photo, The US dollar The average high was $ 1.30, while its lows averaged $ 1.25.

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 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.

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.

In economic matters, the Organization for Economic Co-operation and Development (OECD) recently confirmed it 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.

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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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