CAD (Canadian Dollar)

The CAD, or Canadian Dollar, is the official currency of Canada. It is abbreviated as CAD and often symbolized by "$" or "C$" to distinguish it from other dollar-denominated currencies. The Canadian Dollar is a major world currency used in financial markets and international trade. Its value fluctuates based on economic factors like interest rates, inflation, and global market conditions. To Canadians and international investors, the CAD represents the country’s economic health and stability. It is issued and regulated by the Bank of Canada, ensuring its consistency and trustworthiness in transactions.