Canadian dollar Canadian dollar The Canadian dollar (symbol: $; code: CAD; ) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the "loonie" by foreign exchange traders and analysts, as it is by Canadians in general, or in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind
Voyageur dollar circulating dollar coin. To encourage circulation, the size was to be reduced, the colour was to be changed, and the one-dollar note eliminated from circulation. The Voyageur design was to be used. However, a set of dies depicting the design was lost in transit. To eliminate the risk of counterfeiting, an alternate design, featuring a loon, was used. This became known as the loonie. In 2003, in special proof sets honouring the fiftieth anniversary of the coronation of Queen Elizabeth II, the Voyageur design was struck again in sterling silver in a limited edition of 30,000. In 2017, the Royal