Canadian Dollar

CAD is the currency code for the Canadian dollar. The Canadian dollar is the seventh most traded currency in the world. The Canadian dollar is also the fifth most held reserve currency in the world. The Canadian dollar is divided into 100 cents. The Bank of Canada is the central bank for the Canadian dollar. The Bank of Canada is responsible for providing Canada with a safe, secure and stable monetary and financial system. The Bank of Canada is also responsible for promoting the economic and financial welfare of Canada.