Understanding the Canadian Dollar: Factors Influencing its Strength and Stability

The Canadian dollar is one of the top ten most traded currencies in the world. According to 2018 data, it is ranked sixth. Most traded currencies in 2018: Position Currency 1 United States dollar 2 Euro 3 Japanese yen 4 Pound sterling 5 Australian dollar 6 Canadian dollar 7 Swiss franc 8 Chinese yuan 9 …

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