CAD - Canadian Dollar
Canadian Dollar Basic Information
Category | Details |
|---|---|
Name | Canadian Dollar |
Symbol | $ or C$ |
Code | CAD |
Country or Region | Canada |
Central Bank | Bank of Canada |
CAD - Canadian Dollar Denominations & Conversion
The Canadian Dollar's basic unit is the dollar (CAD). It is divided into 100 cents (¢). The term "loonie" is often used to refer to the CAD 1 coin due to the loon bird design on one side. Banknotes and coins are commonly used in various denominations.
Unit | Subunits | Conversion Relationship |
|---|---|---|
Dollar | Cents | 1 Dollar = 100 Cents |
Coins | ¢5, ¢10, ¢25, $1, $2 | 20 of ¢5 = $1, 10 of ¢10 = $1 |
Banknotes | $5, $10, $20, $50, $100 | Each banknote is valued at its face value |
CAD - Canadian Dollar History
The Canadian Dollar (CAD) became the official currency of Canada in 1858, replacing the Canadian pound. In 1871, the various provincial currencies were unified into a single national currency. The Bank of Canada, established in 1934, took over the issuance and regulation of banknotes. Over the years, the CAD has undergone changes, including the introduction of polymer banknotes in 2011 to enhance durability and security features.
Top 5 Cities in Canada
Ottawa (Capital)
Ottawa, the capital city of Canada, is known for its historic Parliament Hill, numerous museums, and vibrant cultural scene. It is the political and administrative heart of the country.
Toronto
Toronto, the largest city in Canada, is a major financial and cultural hub. It's famous for its diverse population, the iconic CN Tower, and numerous cultural attractions, including theaters, museums, and sports venues.
Vancouver
Vancouver, located on the west coast, is known for its stunning natural scenery, including mountains and ocean views. It is a major port and a center for the film and tech industries.
Montreal
Montreal, in the province of Quebec, is renowned for its vibrant arts scene, historic architecture, and bilingual culture. It hosts numerous festivals and has a rich history dating back to its founding in 1642.
Calgary
Calgary, in Alberta, is known for its annual Calgary Stampede, a major rodeo event. It is a key city in Canada's oil industry and offers proximity to the Rocky Mountains, making it a gateway for outdoor adventures.
Travel Tips for Visiting Canada
Land and Administrative Divisions
Canada spans over 9.98 million sq km, consisting of 10 provinces and 3 territories. The provinces have significant autonomy in areas like education and healthcare.
Climate and Weather
Canada experiences diverse climates, ranging from arctic conditions in the north to milder weather in the coastal regions. Travelers should check local forecasts and pack accordingly.
Cuisine
Canadian cuisine is diverse, with influences from British, French, and indigenous traditions. Popular dishes include poutine, maple syrup products, and regional specialties like Nanaimo bars and butter tarts.
Payment Methods
Cash is widely used, and ATMs are readily available. Credit cards are commonly accepted, and mobile payment methods like Apple Pay and Google Wallet are gaining popularity.
Telecommunications
Major telecom operators in Canada include Bell, Rogers, and Telus. They provide extensive coverage and a range of services, including high-speed internet and mobile networks.
Transport
Canada has a well-developed transportation system, including extensive rail networks, highways, and public transit in major cities. Domestic flights are common for long-distance travel within the country.
World Heritage Sites
Canada is home to several UNESCO World Heritage Sites, including the Canadian Rocky Mountain Parks, Dinosaur Provincial Park, and the historic district of Old Quebec.
Tipping
Tipping is customary in Canada, with 15-20% being standard in restaurants. Tips are also expected for services such as taxis, hairdressers, and hotel staff.
