CAD

What currency is CAD?
CAD is the currency abbreviation or currency symbol for the Canadian dollar (CAD). The Canadian dollar is made up of 100 cents, and is often presented with the dollar sign as C$ to allow it to be distinguished from other currencies denominated in dollars, such as the U.S. Dollar (USD). CAD is considered to be a benchmark currency, meaning that many central banks across the globe keep Canadian dollars as a reserve currency.

More About the Currency of Canada:
The Canadian dollar has been in use since 1858 when the Province of Canada replaced the Canadian Pound with its first official Canadian coins. This dollar was pegged with the U.S. dollar at par using the gold standard system of 1 dollar equaling 23.22 grains of gold. In 1871, the federal government passed the Uniform Currency Act, which replaced the various currencies of the provinces with the one national Canadian dollar. Over its history, the Canadian dollar has moved back and forth between being pegged to the U.S. dollar, and being allowed to float freely. In 1950, the Canadian dollar was first allowed to float. From 1962 - 1970 it was pegged again; after which the currency has since been allowed to float.


Investment dictionary. . 2012.

Look at other dictionaries:

  • CAD — CAD …   Deutsch Wörterbuch

  • Cad 5d — Saltar a navegación, búsqueda CAD 5D es un sistema que trabaja digitalmente tanto la parte gráfica así como a los diferentes documentos inherentes a la ingeniería de manera integral, vinculando o enlazandolos de tal manera que se garantice una… …   Wikipedia Español

  • cad — cad, bounder, rotter mean one who shows himself to be no gentleman. Usually they are somewhat vague terms of contempt for bad behavior or manners. Cad is applied especially to a man who violates in some way or another the code of morals or of… …   New Dictionary of Synonyms

  • CAD — Saltar a navegación, búsqueda CAD puede referirse a: Comité de Ayuda al Desarrollo Ciudadanos Al Día Diseño asistido por computador (del inglés Computer Aided Design) Computer Assisted Detection Colectivo Antifascista Dimitrov Centro… …   Wikipedia Español

  • cad — ⇒CAD, subst. masc. Vx ou région. Genévrier commun. Un couple de tourterelles (...) roucoulait dans l épaisseur d un cad (GENEVOIX, Fatou Cissé, 1954, p. 83). Étymol. et Hist. 1763 bot. kad (ADANSON, Famille des Plantes, Paris, 2e part., p. 529)… …   Encyclopédie Universelle

  • .cad — cad,   Erweiterung für eine Datei, die CAD Daten enthält (CAD) …   Universal-Lexikon

  • Cad — Cad, n. [Abbrev. fr. cadet.] 1. A person who stands at the door of an omnibus to open and shut it, and to receive fares; an idle hanger on about innyards. [Eng.] Dickens. [1913 Webster] 2. A lowbred, presuming person; a mean, vulgar fellow.… …   The Collaborative International Dictionary of English

  • cad — s.m.inv. var. → CAD …   Dizionario italiano

  • CAD — s.m.inv. ES ingl. {{wmetafile0}} TS inform. nome generico del software applicativo per il disegno e la progettazione tecnica {{line}} {{/line}} VARIANTI: cad. DATA: 1983. ETIMO: propr. sigla di Computer Aided Design progettazione assistita dal… …   Dizionario italiano

  • cad — [kæd] n [Date: 1800 1900; Origin: cad unskilled helper (1800 1900), from caddy; CADDY11] old fashioned a man who cannot be trusted, especially one who treats women badly …   Dictionary of contemporary English

  • cad — 1730, shortening of CADET (Cf. cadet) (q.v.); originally used of servants, then (1831) of town boys by students at British universities and public schools (though at Cambridge it meant snob ). Meaning person lacking in finer feelings is from 1838 …   Etymology dictionary

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