The Canadian dollar (sign: $; code: CAD) is the currency of Canada. It is normally abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies.[1] It is divided into 100 cents. As of 2007, the Canadian dollar was the 7th most traded currency in the world.[2]

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Friday, April 3, 2009

Canada’s Dollar Depreciates Before U.S. Employment Numbers

April 3 (Bloomberg) -- Canada’s currency weakened for the first day in four ahead of a government report that may show the unemployment rate in the U.S. rose to the highest in a quarter century.
“The Canadian dollar seems to be in a holding pattern,” said Steve Butler, director of foreign-exchange trading in Toronto at Scotia Capital Inc., a unit of Canada’s third-largest lender. The U.S. buys about three-quarters of Canada‘s exports, the largest trading relationship in the world.
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