The currency of Canada is the Canadian dollar. This is shortened to CA$, Can$ or C$ by the Dollar Mark, to differentiate it from other currencies denominated by dollar. It's 100 cents apart. Thanks to the illustration of a loon on its back, the dollar coin is often called loonie by English- speaking Canadians, currency traders and analysts and sometimes the unit of currency itself. Approximately 2 per cent of the world 's reserves account for, behind the U.S. dollar , euro, yen, and pounds sterling the Canadian dollar is the fifth most kept reserve currency in the world. Because of its relative economic solidity, the sovereign status of the Canadian Government, and the stability of the country's legal or political structures, the Canadian dollar is very common with central banks.
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