CAD

Canadian Dollar

CAD is the official currency of Canada. It's the fifth most held reserve currency in the world and is often influenced by commodity prices, particularly oil.

The Canadian dollar is managed by the Bank of Canada and is sometimes called the 'loonie' due to the loon bird depicted on the one-dollar coin. Canada uses transit numbers for domestic bank transfers.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

Transit Number

Canadian Transit Number

A transit number is a 9-digit code used in Canada for electronic funds transfers. It identifies a sp...

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