Canadian dollar / Euro

The Canadian Dollar (CAD) is a major reserve currency and is used in international transactions and investments. It has historically been a safe-haven currency and is used to hedge against global market volatility. As a result, the CAD is attractive to investors in the stock market, commodities and foreign exchange markets due to its stability and low transaction costs. The CAD is also an important factor in the global economy as it is used to facilitate trade and investment and to help maintain economic stability. Ultimately, the strength of the Canadian Dollar is an important indicator of the health of Canada’s economy and financial markets.