Canadian dollar is nicknamed loonies and has the same symbol with the US Dollar and a unit code CAD, it is a brightly colored currency and can be recognised and differentiated from US Dollar easily . As expected this currency floats against major currencies.

Over the years, CAD has gained more and more standard in the foreign exchange market, in fact It is the fifth most held currency World Wide probably due to the fact that the country has a sound and Strong economy couple with it economic stability.

Bank note of Canadian dollar are of this denomination: 5, 10, 20, 50 and 100 dollars and it is issued by the Bank of Canada. Also Coins are currently being used in Canada, it is issued by the Royal Canadian Mint in various unit such as : 5c nickel, 10 c dime, 25c quarter, $1 Loonie and $2 Toonie.

Recently the Bank of Canada has started issuing out bank notes made of synthetic polymer which comes with lots of security features that is aimed at reducing counterfeit