Canadian dollar (CAD)

The Canadian dollar, identified by the ISO code CAD and symbol $, is the official currency of Canada. Issued by the Bank of Canada, the currency traces its roots to 1858 when decimalization was officially adopted, aligning Canadian money with the decimal dollar system of North America rather than the British pound. Often colloquially called the "loonie" due to the common loon depicted on its one-dollar coin, it is a major global reserve currency.