The main currency used in Canada is the Canadian dollar, abbreviated as CAD or denoted by the symbol $. The Canadian dollar is subdivided into 100 cents. It is one of the most traded currencies in the world, often viewed as a stable investment in financial markets. The value of the Canadian dollar can fluctuate based on various factors, including oil prices, trade agreements, and the performance of the Canadian economy. The Canadian dollar is often recognized by its distinct design and use of vibrant colors in its banknotes.