Random Fact

Canadian Dollar
10th place in "20 Most Expensive World Currencies against the US Dollar"

Canadian Dollar
The Canadian dollar comes in last on the list of ten (10) costliest world currencies, leaving many other currencies only a few cents behind.

Canada holds the second largest oil reserves in the world (13.21%) after Saudi Arabia. The United States is the biggest importer of Canada's oil. It goes without saying that the value of the Canadian dollar is strongly correlated to the global price of oil.

Among traders, it's common to call the Canadian dollar the ‘loonie', after the loon bird.