Canadian Dollar (CAD)
What the Canadian Dollar is, who issues it, and where it's used, with a live converter preset to CAD.
Canadian Dollar (CAD)
- ISO code
- CAD
- Symbol
- $ (C$)
- Subunit
- 100 cents
- Issued by
- Bank of Canada
- Exchange rate regime
- Free-floating
The Canadian dollar is nicknamed the "loonie" after the common loon on its one-dollar coin; the two-dollar coin is, naturally, the "toonie". Canada is a major exporter of oil and other natural resources, so the Canadian dollar is considered a commodity currency, and it often moves with oil prices.
Canada stopped producing the penny in 2013. Cash transactions are rounded to the nearest five cents, although card payments are still charged to the exact cent. Because so much of Canada's trade is with the United States, the USD/CAD rate is one of the most closely watched exchange rates for Canadian businesses and cross-border shoppers.
Where it's used
- Canada
Convert CAD
| CAD | USD |
|---|---|
| 1 CAD | - |
| 5 CAD | - |
| 10 CAD | - |
| 25 CAD | - |
| 50 CAD | - |
| 100 CAD | - |
| 250 CAD | - |
| 500 CAD | - |
| 1,000 CAD | - |
| 5,000 CAD | - |
| 10,000 CAD | - |
| USD | CAD |
|---|---|
| 1 USD | - |
| 5 USD | - |
| 10 USD | - |
| 25 USD | - |
| 50 USD | - |
| 100 USD | - |
| 250 USD | - |
| 500 USD | - |
| 1,000 USD | - |
| 5,000 USD | - |
| 10,000 USD | - |
Calculated from the same live mid-market rate as the converter above. Your bank or card will usually quote a slightly worse rate plus any fees.