Canadian dollar
The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies (though C$ remains ambiguous with the Nicaraguan córdoba). It is divided into 100 cents (¢).
| Dollar canadien (French) Can$, C$, CA$, CDN$, CAD | |
|---|---|
2011 Frontier series (polymer notes) | |
| ISO 4217 | |
| Code | CAD (numeric: 124) |
| Subunit | 0.01 |
| Unit | |
| Unit | dollar |
| Symbol | $ |
| Nickname | Loonie, buck (in English) Huard, piastre (pronounced piasse in popular usage) (in French) |
| Denominations | |
| Subunit | |
| 1⁄100 | Cent (in English) and sou (colloquial in French) |
| Symbol | |
| Cent | ¢ |
| Banknotes | $5, $10, $20, $50, $100 |
| Coins | |
| Freq. used | 5¢, 10¢, 25¢, $1, $2 |
| Rarely used | 1¢ (discontinued, still legal tender), 50¢ (still minted) |
| Demographics | |
| Official user(s) | Canada |
| Unofficial user(s) | St. Pierre and Miquelon |
| Issuance | |
| Central bank | Bank of Canada |
| Website | www |
| Printer | Canadian Bank Note Company |
| Website | www |
| Mint | Royal Canadian Mint |
| Website | www |
| Valuation | |
| Inflation | 3.4% (December 2023) |
| Source | Statistics Canada |
| Method | Consumer price index |
| Part of a series on the |
| Economy of Canada |
|---|
| Economic history of Canada |
| Sectors |
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| Economy by province |
| Economy by city |
Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, may be referred to as the loonie by English-speaking Canadians and foreign exchange traders and analysts.
Accounting for approximately 2% of all global reserves, the Canadian dollar is the sixth-most held reserve currency in the world, behind the U.S. dollar, euro, yen, sterling, and renminbi. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.