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Canadian Nickel
The Canadian five-cent coin, commonly called a nickel, is a coin worth five cent (currency), cents or one-twentieth of a Canadian dollar. It was patterned on the nickel (U.S. coin), corresponding coin in the neighbouring United States. It became the smallest-valued coin in the currency upon the Penny (Canadian coin), discontinuation of the penny in 2013. Due to inflation, the purchasing power of the nickel continues to drop and currently the coin represents less than 0.5% of the country's lowest Minimum wage in Canada#Minimum wage levels by jurisdiction, minimum hourly wage. The denomination (i.e., the Canadian five-cent piece) had been introduced in 1858 as a small, thin sterling silver coin, that was colloquially known as a "fish scale", not a nickel. The larger base metal version made of nickel, and called a "nickel", was introduced as a Canadian coin in 1922, originally as 99.9% nickel metal. These coins were magnetic, due to the high nickel content. Versions during World ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Dollar
The Canadian dollar (currency symbol, symbol: Dollar sign, $; ISO 4217, 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 cent (currency), 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 metonymy, 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 United States dollar, U.S. dollar, the euro, the Japanese yen, yen and pound sterling, sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
