The traditional currency of Canada is the Canadian Dollar, often abbreviated as CAD and symbolized by the "$" or "C$" to distinguish it from other dollar-denominated currencies. The Canadian Dollar is further subdivided into cents, with coins in denominations of 5, 10, 25, and 50 cents, along with $1 (loonies) and $2 (toonies) coins. Its value is influenced by various economic factors, including commodity prices and trade relations, and it is used throughout Canada for all forms of monetary transactions.