What is the Canadian currency called?

Canada’s currency is the Canadian dollar (CAD).

The Canadian dollar (CAD), introduced in 1858, is the country's official currency. The Canadian dollar is denoted by the sign $, although alternative symbols such as CA$, Can$, and C$ are also used to distinguish CAD from other dollar-denominated currencies.

The Canadian dollar banknotes are printed in five denominations by Canada's central bank, the Bank of Canada (BOC): $5, $10, $20, $50, and $100. The Canadian dollar is split into 100 cents, and the Royal Canadian Mint issues coins in seven denominations: 1c, 5c, 10c, 25c, 50c, $1, and $2.

After the US dollar (USD), the euro (EUR), the British pound sterling (GBP), and the Japanese yen (JPY), CAD is the world's fifth most-held reserve currency. The Canadian dollar, which is the world's sixth most traded currency, is also recognized as a commodity currency due to the country's abundant natural resources and considerable raw material exports.

The Canadian dollar is often measured in relation to the US dollar. It is generally always worth less, although the actual value varies greatly depending on what is happening in the globe. At worst, the Canadian dollar is worth roughly 65 US cents; at best, it is extremely near to par.

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