EN
About the currency
The Canadian dollar is Canada’s currency, with the code CAD. The Bank of Canada conducts the country’s monetary policy. Canadian and US dollars are different currencies: a dollar sign on its own does not tell you which currency a price refers to.
Canadian interest rates, inflation, trade with the United States and commodity prices, including energy, can influence CAD. Its hryvnia rate also reflects Ukraine’s currency market. People buy Canadian dollars for relocation, education, travel and support for relatives in Canada. Before transferring money, check the currency credited to the recipient so that an unnecessary intermediate conversion does not add to the cost.
