On account of its soaring benefit and new record highs at time, the Canadian dollar was named the Canadian Newsmaker of your Yr for 2007 via the Canadian version of your time journal.
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S. dollar as well as other international currencies. In recent years, extraordinary fluctuations in the worth on the Canadian dollar have tended to correlate with shifts in oil rates, reflecting the Canadian dollar's status as a petrocurrency owing to Canada's considerable oil exports.
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The common set of designs has Canadian symbols, usually wildlife, over the reverse, and an effigy of Elizabeth II within the obverse. Some pennies, nickels, and dimes remain in circulation that bear the effigy of George VI. It is also common for American cash being identified among the circulation mainly because of the shut proximity to The us and The truth that the sizes of your coins are similar.
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