Canadian Currency

In Canada the currency is called the 'Canadian Dollar' and is abbreviated with the dollar sign $, or C$ is to be used to distinguish if from the other dollar-denominated currencies. The dollar is divided into 100 cents.

As of 2007 the Canadian dollar is the seventh most traded currency in the world.

Coins are produced by the Royal Canadian Mint in Winnipeg, Manitoba, and currently issued in denominations of 1¢ (penny), 5¢ (nickel), 10¢ (dime), 25¢ (quarter), 50¢ (50¢ piece) - however the 50¢ piece is rarely used in most provinces, $1 (loonie), and $2 (toonie). The standard set of designs has Canadian symbols, usually wildlife, on the reverse, and an effigy of Elizabeth II on the obverse.

Canadian banknotes are the banknotes of Canada, denominated in Canadian dollars (CAD). In everyday usage, they are called bills. Currently, they are issued in five, ten, twenty, fifty, and hundred dollar denominations. All current notes are issued by the Bank of Canada, which released its first series of notes in 1935.