Canada has an extensive history with regard to its currencies. Prior to European contact, indigenous peoples in Canada used items such as wampum and furs for trading purposes, which continued when trade with Europeans began. During the period of French colonization, coins were introduced, as well as one of the first examples of paper currency by a western government. During the period of British colonization, additional coinage was introduced, as well as banknotes. The Canadian colonies gradually moved away from the British pound and adopted currencies linked to the United States dollar. With Confederation in 1867, the Canadian dollar was established. By the mid-20th century, the Bank of Canada was the sole issuer of paper currency, and banks ceased to issue banknotes.
Canada began issuing its own coins shortly after Confederation. In the 20th century, Canada has issued many commemorative coins into circulation, temporarily replacing current coinage designs. There also exists a long history of numismatic coin issues.
and 26 Related for: History of the Canadian dollar information
TheCanadiandollar (symbol: $; code: CAD; French: dollar canadien) is the currency ofCanada. It is abbreviated with thedollar sign $. There is no standard...
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Archived from the original on 3 May 2016. Retrieved 20 March 2013. Powell (December 2005). A HistoryoftheCanadianDollar (PDF). Bank ofCanada. pp. 47–49...
at a rate of 1 pound = 4.866 dollars (equivalent to theCanadiandollar). Thedollar was subdivided into 100 cents. Only one type of coin, the one-cent...
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