Pega. A cost center is part of an organization that does not produce direct profit and adds to the cost of running a company. Employees and cost center management are responsible for its costs but not for the revenues or investment decisions.
It is referred to in the currency markets as the Canadian Dollar. The currency of Canada is the Canadian Dollar. It is abbreviated CAD. Canada's currency is Dollar.
Importance of the Canadian Dollar. The Canadian Dollar is the seventh-most traded currency on the Forex market, as many institutions and individuals trade the CAD. People also refer to the CAD as the Loonie, buck, Huard, and Piastre (in French).The Canadian Dollar is held as a reserve currency by a number of central banks.he Canadian Dollar is the seventh-most traded currency on the Forex market, as many institutions and individuals trade the CAD. People also refer to the CAD as the Loonie, buck, Huard, and Piastre (in French).