The Canadian Dollar (CAD) is one of the main currencies used in international financial markets. It is used to price a wide range of investments, such as stocks, bonds, commodities, and other financial instruments. Investors often use the CAD to hedge their currency exposure or to take advantage of movements in the currency markets. The CAD is also a key component of many global financial products, such as foreign exchange hedging and cross-border payments. As such, the CAD is an important part of the global financial system, and it is important for investors to understand its role in the markets.