# Canadian Dollar

The Canadian dollar (CAD) is the currency of Canada. It is a popular currency in foreign exchange markets and is known for its stability and reliability.

## History

The Canadian dollar was adopted as the official currency in 1871, largely replacing the Canadian pound. In 1931, Canada moved to a gold standard.

## Symbols and Codes
- **Symbol:** $ or C$
- **ISO Code:** CAD

## Exchange Rate

The exchange rate of the Canadian dollar fluctuates based on economic conditions, trade balances, and commodity prices, especially oil.

## Usage

The Canadian dollar is widely accepted in Canada, and it is also used in some Caribbean nations. It’s often viewed as a commodity currency due to Canada's natural resources.

## Conclusion

The Canadian dollar plays a crucial role in not only the Canadian economy but also in global markets.