- CAD (Canadian Dollar)
- The currency abbreviation or currency symbol for the Canadian dollar (CAD). The Canadian dollar is made up of 100 cents and is often presented with the dollar sign as C$ to allow it to be distinguished from other currencies denominated in dollars, such as the U.S. dollar (USD). CAD is considered to be a benchmark currency, meaning that many central banks across the globe keep Canadian dollars as a reserve currency.
The Canadian dollar has been in use since 1858 when the Province of Canada replaced the Canadian pound with its first official Canadian coins. This dollar was pegged to the U.S. dollar at par using the gold standard system of 1 dollar equaling 23.22 grains of gold.
In 1871, the federal government passed the Uniform Currency Act, which replaced the various currencies of the provinces with the one national Canadian dollar. Over its history, the Canadian dollar has moved back and forth between being pegged to the U.S. dollar and being allowed to float freely. The Canadian dollar was first allowed to float in 1950; from 1962 - 1970 it was pegged again and has since been allowed to float.
Investment dictionary. Academic. 2012.
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Canadian dollar — Infobox Currency currency name in local = dollar canadien fr icon image 1 =CAD50 Front.png image title 1 = Fifty dollar bill image 2 = Loonie reverse view.png image title 2 = One dollar coin iso code = CAD using countries = flag|Canada inflation… … Wikipedia
Canadian dollar — noun The official currency of Canada. Syn: CAD … Wiktionary
Banknotes of the Canadian dollar — Canadian banknotes are the banknotes of Canada, denominated in Canadian dollars (CAD). In common everyday usage, they are called bills. Currently, they are issued in five, ten, twenty, fifty, and hundred dollar denominations. All notes are issued … Wikipedia
USD/CAD (U.S. Dollar/Canadian Dollar) — The abbreviation for the U.S. dollar and Canadian dollar (USD/CAD) currency pair or cross. The currency pair tells the reader how many Canadian dollars (the quote currency) are needed to purchase one U.S. dollar (the base currency). Trading the… … Investment dictionary
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CAD (disambiguation) — CAD may refer to:* Cad (character), a man who seduces a young woman, often to her social or financial ruin * Abbreviation for Cadmium * Cadoxton railway station, serving the village of Cadoxton near Barry, Vale of Glamorgan * Canadian dollar, the … Wikipedia
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CAD — (Канадский доллар) Канадский доллар описание валюты, история создания и развития Информация о канадском долларе, истории создания и развития валюты, место валюты в мировой экономике Содержание Канадский доллар(Canadian dollar) – ,… … Энциклопедия инвестора