Dime (Canadian Coin)
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Dime (Canadian Coin)
In Canada, a dime is a coin worth ten cent (currency), cents. It has been the physically smallest Canadian coin since 1922; it is smaller even than the Canadian penny, penny, despite its higher face value. According to the Royal Canadian Mint, the official national term of the coin is the ''10-cent piece'', but in practice, the term ''dime'' predominates in English-speaking Canada. It is nearly identical in size to the Dime (United States coin), American dime. Unlike its American counterpart, the Canadian dime is Ferromagnetism, magnetic due to a distinct metal composition. From 1968 to 1999, it was composed entirely of nickel, and since 2000, it has consisted of a steel core with plating composed of layers of nickel and copper. Currently the dime has, as with all Canadian coins, a portrait of Elizabeth II, Queen Elizabeth II on the obverse. The reverse contains a representation of the ''Bluenose'', a famous Canadian schooner. According to the Royal Canadian Mint, "Artist Emanuel ...
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Canadian Dollar
The Canadian dollar (symbol: $; code: CAD; french: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, there is no standard disambiguating form, but the abbreviation Can$ is often suggested by notable style guides for distinction from other dollar-denominated currencies. It is divided into 100 cents (ยข). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, are sometimes referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems. Histor ...
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