Dollar: closing price today, June 13, in Canada

In the last session American dollar Paid at closing for 1.37 CAD on averageThis means a change of 0.12% compared to the value of the previous session when it reached 1.37 Canadian dollars.

If we look at the data for the past seven days,… American dollar Record a decrease in 0.18%%; Although on an annual basis it still maintains an increase in 3.96%.

Compared to the previous days, it put an end to a four-session negative streak. Referring to last week’s volatility, it performed somewhat lower than the volatility reflected in last year’s data, showing itself as a value with lower-than-usual variations in recent dates.

he Canadian dollar It is the official monetary unit of Canada, and the abbreviation CAD is used to refer to it, which is divided into 100 cents.

It should be noted that the Canadian dollar has been used for almost the entire history of the country, having replaced the British pound, the Spanish dollar and the peso.

It was July 1, 1858 when the authorities ordered the creation of the first Canadian dollar, which was adopted on the decimal system in the following years. However, this did not happen until 1871 Monetary unification was approved All Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.

Today Canadian 1, 5, 10 and 25 coins are used cents, 1 and 2 dollars, issued by the Royal Canadian Mint; On the other hand, banknotes in denominations of 5, 10, 20, 50, 100 and 1000 dollars are issued by the Bank of Canada and produced in Ottawa.

In the economic branch, the Organization for Economic Co-operation and Development (OECD) recently confirmed this Canada has passed the tipping point It is heading towards a period of moderate growth after the severe blow of the coronavirus pandemic.

On the other hand, Canada was also able to position itself as a major trading partner of the United States at the end of 2021, with a 14.5% share of the country’s 15 major partners.

he International Monetary Fund The International Monetary Fund expects Canada to grow by 4.1% in 2022, and by 2023 by 2.8%, which means a slowdown after the 4.7 reached in 2021.