The Canadian Dollar (symbol: C$; currency code: CAD) is issued by the Bank of Canada and is subdivided into 100 cents. Coins in circulation include the “loonie” ($1) and “toonie” ($2); penny production ceased in 2012, and cash amounts are rounded to the nearest five cents. Paper banknotes—$5, $10, $20, $50, and $100—feature iconic Canadian figures and advanced security features, including transparent windows and holographic elements. Introduced in 1858 to replace the Canadian pound, the loonie became a benchmark currency and a popular reserve currency among central banks. Today, travelers often monitor the AUD→CAD rate when planning visits to places like Banff, Montreal’s Old Port, or Vancouver’s Stanley Park—and balance cash and contactless payments for local experiences.
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