Currency Information on Canadian Dollar - CAD — Canadian Dollar - $
Canadian dollars are divided into 100 cents, and preface the ‘$’ sign with a C to distinguish it from other currencies of the same symbol.
The fifth most reserved currency in the world, Canadian dollars account for 2% of the world’s reserves. Canada is considered very stable, in terms of politics, economy and legal system, and its currency is therefore popular with central banks.
Frequently used Canadian banknotes are; $5, $10, $20 and $50. $100 notes are used infrequently. Frequently used coins; 5, 10 and 25 cents and $1 and $2, 50 cent coins are infrequent in use.
I run a local delicatessen business in Surrey. Many of my artisan suppliers are based in Italy, Spain and France. We are always making payments to these suppliers and knowing we are getting the best rates is vitally important for us; our margins are tight and any savings are crucial for the success of our business.
Comment written by Artisan supplier based in Italy.
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