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Key Takeaways CAD, nicknamed the in use since when the effort to fight counterfeiting and Canadian pound with its first.

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Canada's currency is known as the dollar, which is divided into cents. The Canadian dollar is one of the world's highest-value currencies. Canadians make. The Canadian dollar is one of the strongest currencies in the world. Out of all the currencies, the Canadian dollar ranks as the 11th strongest. Currency. Money in Canada is made by two different governmental agencies. Notes (paper currency) are produced by the Bank of Canada. Coins are produced by.

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In the case that no mutually acceptable form of payment can be found for the tender, the parties involved should seek legal advice. The Minister of Finance is responsible for both the Bank of Canada Act and the Currency Act , and the changes made to allow the removal of legal tender status from bank notes were initiated by the Minister in consultation with the Bank of Canada and other agencies. Unlike other currencies in the Bretton Woods system , whose values were fixed , the Canadian dollar was allowed to float from to The new reverse featured a striking V design. There used to be a one dollar bill, but it was phased out in the s.