• Business
  • Crypto
  • Investing
  • Lifestyle
  • Money
  • Glossary
    • A
    • B
    • C
    • D
    • E
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Finance Reference
Quotes by TradingView
  • Business
    • What a CPA Can Do for Your Business
      Branding: A Perfect Start For Your Online Business
      How Rokt is Approaching the Customer Payment Engagement Challenge Better
      Why PPC Advertising is Good for Your Business
      Six Signs You Need to Hire Professionals to Do Your Taxes This Year
  • Crypto
    • Crypto Market Indexes: Your Ticket to Making Money Through Crypto
      10 Benefits Of Using Crypto Debit Cards
      Everything You Need to Know About Metamask
      Anti-Money Laundering Best Practices for Crypto Firms
      You Should Invest in Bitcoin and Here’s Why
  • Investing
    • Revealed: 3 best trading platforms with demo accounts
      Gold and Other Precious Metals IRA as Investment Idea
      What Makes a Successful Real Estate Transaction?
      Investing vs. Online Gambling: What’s The Difference?
      Comparing Stock Market Performance vs. Real Estate Investments Through History
  • Lifestyle
    • What You Need To Know Before Relocating to Israel
      Suggestions On How To Remodel Your Garden On A Budget
      The Top Mistakes to Avoid When Hiring a Car Accident Lawyer
      Top Tips for Snagging The Best Online Bargains
      How to Effectively Budget for a Home Renovation?
  • Money
    • Ten Ways to Make the Most of Your Cash Back Rewards
      Simple Ways You Can Reduce the Cost of Your Banks Utilities
      10 Best Passive Income Ideas to Build Your Wealth
      Efficient Funding Opportunities for New and Old Social Businesses
      10 of the Best Funding Sources For Medical Offices In 2023
  • Glossary
    • Motley Fool Stock Advisor vs Rule Breaker Investing
      Comparing Motley Fool Stock Advisor vs Rule Breaker Investing
      Adversary and Inquisitorial Systems
      Comparing Adversary and Inquisitorial Systems
      Overhead Ratio
      What Is an Overhead Ratio?
      Non-Executive Director
      Non-Executive Director: Roles and Responsibilities
      Mothballing
      What is Mothballing & When Should You Do It?
      AllABCDE
  • Glossary
  • C

CAD

By
rjonesx
-

What is ‘CAD’

What currency is CAD?
CAD is the currency abbreviation or currency symbol for the Canadian dollar (CAD). The Canadian dollar is made up of 100 cents, and is often presented with the dollar sign as C$ to allow it to be distinguished from other currencies denominated in dollars, such as the U.S. Dollar (USD). CAD is considered to be a benchmark currency, meaning that many central banks across the globe keep Canadian dollars as a reserve currency.

Explaining ‘CAD’

More About the Currency of Canada:
The Canadian dollar has been in use since 1858 when the Province of Canada replaced the Canadian Pound with its first official Canadian coins. This dollar was pegged with the U.S. dollar at par using the gold standard system of 1 dollar equaling 23.22 grains of gold. In 1871, the federal government passed the Uniform Currency Act, which replaced the various currencies of the provinces with the one national Canadian dollar. Over its history, the Canadian dollar has moved back and forth between being pegged to the U.S. dollar, and being allowed to float freely. In 1950, the Canadian dollar was first allowed to float. From 1962 – 1970 it was pegged again; after which the currency has since been allowed to float.

Further Reading

  • The relevance of using accounting fundamentals in the Mexican stock market – www.sciencedirect.com [PDF]
  • The implementation and integration of CAD/CAM in manufacturing organisations: a grounded theory investigation – research-repository.st-andrews.ac.uk [PDF]
  • Digital watermark of 3D CAD product model – www.earticle.net [PDF]
  • Macroeconomic and institutional determinants of current account deficits – www.tandfonline.com [PDF]
  • Multi-scaling in finance – www.tandfonline.com [PDF]
Previous articleValuable Papers Insurance
Next articleHalf Stock
rjonesx

RELATED ARTICLESMORE FROM AUTHOR

Motley Fool Stock Advisor vs Rule Breaker Investing

Comparing Motley Fool Stock Advisor vs Rule Breaker Investing

Adversary and Inquisitorial Systems

Comparing Adversary and Inquisitorial Systems

Overhead Ratio

What Is an Overhead Ratio?

EDITOR PICKS

FAAMG Stocks

SPX vs SPY: Which is Better for Trading Options on the S&P 500?

Obsolete Inventory

Joint Supply

Per Stirpes vs Per Capita

Quarter (Q1, Q2, Q3, Q4)

Latest

What You Need To Know Before Relocating to Israel

Revealed: 3 best trading platforms with demo accounts

Gold and Other Precious Metals IRA as Investment Idea

Comparing Motley Fool Stock Advisor vs Rule Breaker Investing

What a CPA Can Do for Your Business

Branding: A Perfect Start For Your Online Business

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • About
  • Accessibility
  • Privacy
  • Sitemap