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
History of the Canadian dollar to feature the monarch on the obverse of all coins, but introduced new patterns for the reverse of each coin: These designs were all the work of Emanuel Hahn. With the exception of the withdrawal of the penny, these designs continue to be the basic features of Canadian coinage. This series of coins was augmented in 1987 by the introduction of a new one-dollar coin, featuring a loon on the reverse, designed by Robert-Ralph Carmichael. The coin quickly became known as the "loonie", which in turn has become a nickname for the Canadian dollar generally. The loonie was followed by