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
Commemorative coins of Canada the Voyageur one dollar coin, was issued in 1935 to commemorate the twenty-five years of King George V's reign. It featured a voyageur (French-Canadian fur trader) and an indigenous man, paddling a birch-bark canoe laden with furs, with the northern lights in the background. Although intended as a commemorative coin, it continued to be issued until 1986, the year before the Loonie was introduced. For information on the Voyageur dollar, see: Voyageur dollar. In 1987, the Mint introduced a new one dollar coin. It normally features a loon on the reverse. Nicknamed the "loonie", it replaced both the one dollar