Country ISO Code: CA
Official Languages: English and French
Language ISO Codes: en (English), fr (French)
Current Official Currency: Canadian Dollar
Currency ISO Code: CAD
ISO Code: CAD
Symbols: $ or C$
Singular Name: dollar
Plural Name: dollars
Monetary Subdivision: 1 dollar = 100 cents
Fraction Name (singular): cent
Fraction Name (plural): cents
Initial Production Date: 1858 (first Canadian dollar coins)
Final Production Date: ongoing
Initial Circulation Date: 1858
Final Circulation Date: currently in circulation
Mint: Royal Canadian Mint (Ottawa and Winnipeg)
Issuing Authority: Bank of Canada
Coin Denominations: 1, 5, 10, 25, 50 cents; 1, 2 dollars
Banknote Denominations: 5, 10, 20, 50, 100 dollars
Designs and Symbols:
Coins feature national symbols such as the maple leaf, caribou, Bluenose schooner, and Queen Elizabeth II on the obverse.
Banknotes depict prominent Canadian figures, cultural heritage, and natural landscapes.
Historical Context:
The Canadian dollar was introduced to replace the Canadian pound and to unify currency across provinces.
The currency has evolved with various security features and polymer notes introduced since 2011.
The Royal Canadian Mint is internationally renowned for producing high-quality coins, including commemorative editions.
Status: active and sole legal tender in Canada.
Curiosities:
The $2 coin ("toonie") was introduced in 1996, replacing the $2 banknote.
Canada issues commemorative coins regularly, celebrating history, culture, and events.
ISO Code: No longer in use
Circulation Period: until mid-19th century
Context:
Used prior to the adoption of the Canadian dollar, based on the British pound sterling system.
Replaced by the Canadian dollar to simplify and standardize currency.
Status: out of circulation
Canada has a highly developed and diversified economy with strong banking and financial sectors.
The Bank of Canada manages monetary policy, currency issuance, and financial stability.
The Canadian dollar is a major global reserve currency and widely traded internationally.
Bilingualism is reflected in currency design and official communications, with all banknotes and coins featuring both English and French.
Currency | ISO Code | Circulation Period | Current Status | Subdivision | Issuing Authority |
---|---|---|---|---|---|
Canadian Dollar | CAD | 1858 – present | In circulation | 1 dollar = 100 cents | Bank of Canada |
Canadian Pound | – | Until mid-19th century | Out of circulation | 1 pound = 20 shillings | British colonial system |
This report is prepared primarily in English, the most widely used language in Canada, but acknowledges French as an official language, based on authoritative and up-to-date sources.
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