canadian dollar (Meaning)
Wordnet
canadian dollar (n)
the basic unit of money in Canada
Synonyms & Antonyms of canadian dollar
No Synonyms and anytonyms found
canadian dollar Sentence Examples
- The Canadian dollar, denoted by the symbol "CAD," is the official currency of Canada.
- Foreign exchange markets closely monitor the exchange rate of the Canadian dollar against other major currencies.
- Travelers visiting Canada must exchange their currency for Canadian dollars to conduct transactions within the country.
- The Canadian dollar is divided into 100 smaller units called cents, with coins available in denominations of 1, 5, 10, and 25 cents, as well as 1 and 2 dollars.
- Banknotes of the Canadian dollar feature prominent Canadians, landmarks, and symbols of national pride.
- The Canadian dollar's value fluctuates based on factors such as economic performance, interest rates, and global market conditions.
- Businesses operating in Canada often price their products and services in Canadian dollars to facilitate local transactions.
- Investors may trade Canadian dollars as part of their foreign exchange or investment portfolios, speculating on its future value.
- The Bank of Canada, Canada's central bank, is responsible for issuing and regulating the Canadian dollar.
- Canadians use the Canadian dollar for various financial transactions, including buying goods, paying bills, and saving for the future.
FAQs About the word canadian dollar
the basic unit of money in Canada
No synonyms found.
No antonyms found.
The Canadian dollar, denoted by the symbol "CAD," is the official currency of Canada.
Foreign exchange markets closely monitor the exchange rate of the Canadian dollar against other major currencies.
Travelers visiting Canada must exchange their currency for Canadian dollars to conduct transactions within the country.
The Canadian dollar is divided into 100 smaller units called cents, with coins available in denominations of 1, 5, 10, and 25 cents, as well as 1 and 2 dollars.
