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
Trillion dollar coin Treasury in 1996. Laurence Tribe, a constitutional law professor at Harvard Law School, said the legal basis of the trillion dollar coin is sound and that the coin could not be challenged in court as no one would have standing to do so. Professor Jonathan H. Adler of the Case Western Reserve University School of Law has said that he believes the legality of the trillion dollar coin to be dubious. The idea for the Treasury Department to mint a coin and send it to the Federal Reserve in order to pay off the debt was first popularized by Populist