Canadian Dollar

The Canadian Dollar (CAD) is the official currency of Canada. With the symbol C$, it is managed by the Bank of Canada. The currency was introduced in 1858 and is subdivided into 100 Cent. It's commonly known by its nickname "Loonie".

Rates updated Sep 21, 2026, 07:00 PM UTC. Over the last 90 days, 1 CAD ranged from 0.7028 to 0.7261 USD (+1.36%).

Currency Name

Canadian Dollar

Currency Code

CAD

Symbol

C$

Country

Canada

Central Bank

Bank of Canada

Introduced

1858

Subunit

1/100 Cent

ISO Numeric Code

124

The Canadian Dollar was introduced in 1858, replacing the Canadian Pound. It was initially pegged to the US dollar but has been floating freely since 1970. The nickname 'Loonie' comes from the loon bird depicted on the $1 coin.

The CAD is the sixth most traded currency globally. As a major oil exporter, Canada's currency often correlates with oil prices. Strong trade ties with the US make the CAD closely linked to the American economy.

The Canadian Dollar is widely used in North American trade and is popular among forex traders. Canada's stable political system and diversified economy support the currency's reliability.

• 1The $1 coin is called a 'Loonie' after the loon bird on it
• 2The $2 coin is nicknamed the 'Toonie'
• 3Canadian polymer notes have transparent windows with holographic elements