The Canadian Dollar is an important currency in the global financial markets. It is used as a key currency for investments, trading, and payments, and is a key part of the global banking system. Investors use the Canadian Dollar to buy and sell stocks, commodities, and other assets, and to make payments for goods and services. The Canadian Dollar is also used for hedging against fluctuations in other currencies. It is an important currency in the global market, as it is used to facilitate international trade and investment.