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 ?
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.
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.
Central banks around the world are demanding Canadian dollars to replenish their reserves.
Based on the survey outcomes, the Australian dollar and the Canadian dollar were considered for separate identification in COFER data.
When foreign companies bid for Canadian companies, they must sell foreign currencies and buy the Canadian dollar.
The recession of the early 1990s and the decline of the Canadian dollar led to a collapse in cross-border shopping whose swiftness paralleled its rise.
In late August the Canadian dollar rallied to a nineteen-month high of Can$1.
Cardmembers can use their card for their daily purchases and earn three Marriott Rewards points for every Canadian dollar spent at Marriott locations worldwide and earn one point per Canadian dollar for all other daily card purchases.
On the currency front, the Canadian dollar on Monday moved lower to 0.
In currency market, the Canadian dollar reached to 1.

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