Canadian Dollar


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Canadian Dollar

The currency of Canada. The dollar traces its antecedents to the dollar of the Province of Canada, which was issued in 1858, and gradually adopted by the territories of British North America as they formed modern Canada over the course of the next century. The Canadian dollar was pegged to the United States dollar at various values, often at par, until 1950. The currency began to float that year, though it briefly reverted to the U.S. dollar peg between 1962 and 1970.
References in periodicals archive ?
The market is currently split on whether this will happen in the latter part of 2015 or early 2016 - but when they do hike interest rates, this will have a noticeable impact on weaker major currencies, such as the Canadian dollar.
According to our calculation, the Canadian dollar is by now as deep undervalued as the euro, a little less pronounced than the Japanese yen.
The duration of the Canadian currency over the United States is difficult to predict, though Di Matteo expects it will be hard for the Canadian dollar to maintain its strength for much longer.
Weak selling prices and the rise of the Canadian dollar restricted exports to the United States, the Conference Board noted.
Firas Askari and members of BMO's FX Team are available to discuss trends in the Canadian dollar and global currency markets.
The rise in the value of the Canadian dollar hampered Nova's expansion, however, and Kolovski is now simply looking into purchasing low-cost items in the U.
dollars or the Canadian dollar equivalent by contacting the financial intermediary with whom the common shares are held.
Central banks around the world are demanding Canadian dollars to replenish their reserves.
50 Canadian dollars and Bank of Montreal, one of the country's biggest five banks, went up 0.
The intense global interest in Canada's resource sector will drive the Canadian dollar even higher, according to a research note from David Watt of RBC Capital Markets.
The last time a Canadian dollar was worth more than an American one was in 1976; for the last three months of 2007, this was true again.
The supercharged Canadian dollar is sparking fears that Canadians are poised to re-enact the shopping frenzy of the late 1980s when millions of them poured across the border into American malls.

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