What is the name of the currency used in Canada?
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3 Answers
The currency used in Canada is the Canadian dollar (CAD).
The Canadian dollar is the official currency of Canada. It is denoted by the symbol "$" or "C$" and is subdivided into 100 cents. Banknotes come in denominations of 5, 10, 20, 50, and 100 dollars, while coins are available in denominations of 1, 5, 10, 25, and 50 cents, as well as 1 and 2 dollars. The Bank of Canada is responsible for issuing and regulating the currency. The Canadian dollar is influenced by various factors, including the country's economic performance, commodity prices, and global market conditions. It is widely accepted in Canada and is also used as a reserve currency by some central banks.
The Canadian dollar is the official currency of Canada. It is denoted by the symbol "$" or "C$" and is subdivided into 100 cents. Banknotes come in denominations of 5, 10, 20, 50, and 100 dollars, while coins are available in denominations of 1, 5, 10, 25, and 50 cents, as well as 1 and 2 dollars. The Bank of Canada is responsible for issuing and regulating the currency. The Canadian dollar is influenced by various factors, including the country's economic performance, commodity prices, and global market conditions. It is widely accepted in Canada and is also used as a reserve currency by some central banks.
The currency used in Canada is called the Canadian dollar (CAD). It is denoted by the symbol "$" or "C$". The Canadian dollar is divided into 100 cents, with coins available in denominations of 5, 10, 25, and 50 cents, as well as 1 and 2 dollars, and banknotes in denominations of 5, 10, 20, 50, and 100 dollars.