What is the currency of Canada? 🔊
The currency of Canada is the Canadian dollar, abbreviated as CAD. Symbolically represented as $, it can also be denoted as C$ to differentiate it from other dollar-denominated currencies. The Canadian dollar is subdivided into 100 cents and is issued by the Bank of Canada. Known for its stability, the Canadian dollar is widely traded in international markets and often influenced by commodity prices, particularly oil and minerals, given Canada's resource-rich economy. The currency features various designs, including notable historical figures and Canadian landscapes, reflecting the nation's cultural identity and heritage.
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