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
Gatineau from 10% in 1850, to 50% in 1870, and 90% in 1920. The Gatineau River, like the Ottawa River, was a basic transportation resource for the "draveurs", workers who transport logs via the rivers from lumber camps until they arrived downriver. (The Gatineau River flows south into the Ottawa River, which flows east to the St. Lawrence River near Montreal.) The log-filled Ottawa River, as viewed from Hull, was featured on the back of the Canadian one-dollar bill; the paper money was replaced by a dollar coin (the "loonie") in 1987. The last of the dwindling activity of the draveurs