The currency in Canada is the Canadian Dollar, often denoted by the symbol CAD or the dollar sign ($). One Canadian dollar is subdivided into 100 cents. While the Canadian dollar is the official currency, Canada also widely uses coins and bills of varying denominations. The Canadian dollar is one of the world's major currencies and is often influenced by global economic conditions, especially with respect to trade and commodity prices, given Canada’s strong natural resource sector. Additionally, the Canadian dollar is recognized for having an exchange rate that fluctuates against other currencies, particularly the U.S. dollar.