Canada’s official currency is the Canadian Dollar (CAD), which has been in use since 1858.
It is commonly abbreviated as "$", "C$", or "Can$" to distinguish it from other dollar-based currencies.
The currency is issued in denominations of $5, $10, $20, $50, and $100 bills, while coins include 5 cents (nickel), 10 cents (dime), 25 cents (quarter), $1 (loonie), and $2 (toonie).
The Canadian dollar is one of the world’s most traded currencies, and its value fluctuates based on global markets.
