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 ?
Although CN reports its earnings in Canadian dollars, a large portion of its revenues and expenses is denominated in U.S.
"The falling Canadian dollar is bad news for Canadians in the home country, since their imports would become more expensive, while lesser money will come in through exports," said Adeeb Ahamed, Chief executive officer at LuLu Exchange.
The most influential sector Financials was up 0.32 percent as well, when Royal Bank of Canada gained 0.44 percent to 76.92 Canadian dollars and the insurance company Manulife Financial Corp.
When foreign companies bid for Canadian companies, they must sell foreign currencies and buy the Canadian dollar.
In 1982, with the Canadian dollar trading at about 81 cents U.S., Canadians made 22.1 million same day automobile trips.
Global Banking News-May 15, 2014--Central banks around the world demand Canadian dollars
Janet Rabovsky, Director of Investment Consulting at Towers Watson s Toronto office said: With a lower Canadian dollar, there is hope that manufacturing businesses, and certainly the export sector of the economy, can contribute to reducing the unemployment rate in the next few years.
Energy companies pullback again and the Canadian dollar is another casualty of the oil price rout
Holders of class A units of the REIT ("Class A Units") will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.06539573 per Class A Unit.
So my investment mantra is "Yankee Doodle Dandy", long the Buckaroo against the euro, yen, Russian rouble and the Canadian dollar. The euro is now 1.3380.
New York (AirGuideBusiness - Business & Industry Features) Tue, Feb 4, 2014 - Air Canada is looking for ways to bolster revenue and cut costs to compensate for the weakening Canadian dollar, its chief executive officer said on Tuesday Feb.

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