Canada Currency

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Canada Currency

The Canadian Currency is one of the very popular currency because of its value and since the inception of Canadian Union. The Canadian colonies used to buy things that could be British Pounds, Spanish Pesos including American Dollars but now it has a uniform currency which is called Canadian Currency. The unique currency which reminds of the Colonial era by local banks along with the power to pass the Dominion notes which made the Canadian Dollar and the official currency of Canada. The Canadian Dollar is made up of 100 Canadian Cents but the country is adapting cash free transactions although people who love the smell of note still love to use currency for the valuable transactions.

If one wants to look for the Quick facts related to Canada’s Currency which is one of the world’s highest-value currencies these days:

. The Canadians also make purchases with variety of small-value coins along with five-larger value bills.

. The Canada’s bills with the coins along with the pictures which feature important national symbols along with big statesman such as Presidents and other leaders from Canada Union.

. The Canada One dollar coin is called Loonie and Toonie stands for two dollars with 25 Cents as Quarter.

. The Canada’s coins have portrait of Queen Elizabeth II on the reverse side along with Latin Phrase which means “ Queen by God’s Grace”. The Queen’s portrait is updated every often so as to have the real picture of how old her Majesty looks.

. Dime is of 10 Cents which is the smallest and Nickel is of Five Cents which is actually bigger than the Ten Cents.

. The Penny which is One Cents with copper-plated steel and features the maple leaf with common symbol of Canada.

The Canadian paper money is not only known as bills, banknotes or simply notes with currency denominations and the new note is Polymer series. It is also known as Canadian Journey Series which got circulated in 2001 and officially got phased out in 2011. The bills are common just like any other country from small denominations being the 5 Dollar Bill to the highest one being Thousand Dollar Bill. The denominations are of 5, 10, 20, 50, 100 and 1000 Currency denominations wherein the 1000 Currency denominations has got discontinued and the Government is planning to get 2000 Dollar bill in circulation.

The currency notes are offbeat color with a little pale color but still look great with the Canadian bills featuring the face of their leaders or institutions along with the interesting one being the 50 Dollar bill with CCGS Amundsen.

If one talks about the Canadian Currency it accounts for approximately 2% of total reserves along with the Canadian Dollar being the fifth most held reserve currency in the world which is considered behind the U.S. Dollar and further Euro, Yen and Pound Sterling. The Canadian dollar is more popular with central banks as the economy of Canada is more sound and stable and the Government holds a comparatively sovereign position thus making it a stronger nation and the currency being the stronghold.

Canadian Currency Available Banknotes: $5, $10, $20, $50, $100.

Canadian Currency Available Coins: 5¢, 10¢, 25¢, $1, $2.

Canada Currency Name: Canadian Dollar

Canada Currency Symbol: $

Canada Currency Code: CAD

Official User: Canada

Unofficial Users: Miquelon and Saint Pierre

Canada Central Bank: Bank of Canada

Canada Currency Printer Agency: Canadian Bank Note Company

Foreign Exchange Market: The fifth most tradding currency in the world

 

Currency Exchange Stores in Toronto City


Store Name: Calforex Currency Exchange

Address: 220 Yonge St, Toronto, ON M5B 2H1, Canada

Phone: +1 416-921-4872

 

Store Name: Knightsbridge Foreign Exchange Toronto

Address: 100 King St W #5700, Toronto, ON M5X 1C7, Canada

Phone: +1 416-479-0834

 

Store Name: Interchange Financial Currency Exchange

Address: Bay Building, Atrium on, 20 Dundas St W, Toronto, ON M5G 2H1, Canada

Phone: +1 888-972-7799

 

Store Name: Ultimate Currency Exchange

Address: 2502 Yonge St, Toronto, ON M4P 2H7, Canada

Phone: +1 416-440-1472

 

Store Name: Continental Currency Exchange

Address: 300 Borough Dr #775, Scarborough, ON M1P 4P5, Canada

Phone: +1 416-290-1010

 

Store Name: Kantor Currency Exchange

Address: 121 Runnymede Rd, Toronto, ON M6S 2Y4, Canada

Phone: +1 416-767-7782

 

Store Name: Foreign Exchange Centre

Address: 220 Yonge St, Toronto, ON M5B 2H1, Canada

Phone: +1 416-598-0770

 

Store Name: TD Foreign Exchange Centre

Address: 55 King St W, Toronto, ON M5K 1A2, Canada

Phone: +1 416-216-6868

 

Store Name: Interchange Financial Currency Exchange

Address: 1 Yonge St #109, Toronto, ON M5E 1E5, Canada

Phone: +1 888-972-7799

 

Store Name: Bendix Foreign Exchange

Address: 360 Bay St #300, Toronto, ON M5H 2V6, Canada

Phone: +1 416-366-9000

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