Canadian dollar
| Dollar canadien (French) Can$, C$, CA$, CDN$, CAD | |
|---|---|
2011 Frontier series (polymer notes) | |
| ISO 4217 | |
| Code | CAD (numeric: 124) |
| Subunit | 0.01 |
| Unit | |
| Unit | dollar |
| Plural | dollars |
| Symbol | $ |
| Nickname | Loonie, buck (in English) Huard, piastre (pronounced piasse in popular usage) (in French) |
| Denominations | |
| Subunit | |
| 1⁄100 | Cent (in English) and sou (colloquial in French) |
| Plural | |
| Cent | cents |
| Symbol | |
| Cent | ¢ |
| Banknotes | $5, $10, $20, $50, $100 |
| Coins | |
| Freq. used | 5¢, 10¢, 25¢, $1, $2 |
| Rarely used | 1¢ (discontinued, still legal tender), 50¢ (still minted) |
| Demographics | |
| Date of introduction | 1858 |
| Replaced | |
| Official user(s) | Canada |
| Unofficial user(s) | Saint Pierre and Miquelon |
| Issuance | |
| Central bank | Bank of Canada |
| Website | www |
| Printer | Canadian Bank Note Company |
| Website | www |
| Mint | Royal Canadian Mint |
| Website | www |
| Valuation | |
| Inflation | 1.7% |
| Source | Statistics Canada, April 2025 |
| Method | Consumer price index |
| Part of a series on the |
| Economy of Canada |
|---|
The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies (though C$ remains ambiguous with the Nicaraguan córdoba). It is divided into 100 cents (¢).
Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, may be referred to as the loonie by English-speaking Canadians and foreign exchange traders and analysts.
Accounting for approximately two per cent of all global reserves, as of January 2024 the Canadian dollar is the fifth-most held reserve currency in the world, behind the US dollar, euro, yen, and sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.