In 1871, the Canadian Parl unified the decimal based currencies of the several provinces with the Canadian dollar.Types
Canadian currency comes in the formation of paper banknotes and coins, including the Canadian dollar coin, again conscious as the "Loonie."Appearance
The currency used in Canada is the Canadian dollar, normally abbreviated as C$, or simply $.
History
In 1841, Canada adopted a currency based on the Halifax grading, the Canadian pound. Canadian mankind under the supervision of the British Empire were keen to transform to a decimal transaction to bigger suit their trading with Americans.The contemporary series of Canadian banknotes come in denominations of 5, 10, 20, 50 and 100. The bills come in an array of colours and circumstance Sir Wilfred Laurier, Ideal Elizabeth II, and Sir Robert Borden, among others.
Exchange Rate
The alternate rate with the U.S. dollar for most of the 20th century was at about one to one. Today, the Canadian dollar stays in this general area, sometimes dipping slightly under or over the U.S. dollar.
$2 Coin
The two-dollar coin, often called the "Toonie," was introduced in 1996.
