people is asking me
2007-03-02 06:09:50 · 5 answers · asked by sherpooh2001 3 in Social Science ➔ Economics
To distinguish it from the United States' Dollar (USD Dollar).
2007-03-02 06:13:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
People are asking you why it's called a Canadian dollar or what the name of the Canadian dollar is.
Dollars have been the monetary standard in North America for the last century or so and since both countries are so closely tied due to economics it was just easier to call it the dollar. Most canadians refer to our dollar as the looney, after the loon that is printed on it. However I don't think the markets would think well of it if they put so many looneys to the euro or US buck.
2007-03-02 14:49:47 · answer #2 · answered by Lizzy-tish 6 · 0⤊ 0⤋
Canadians use different money than the US, even if some of the names are the sameand the value of their currency is based on the strength of the economy of that country as compared to others. A Canadian Dollar (a looney) is worth one dollar in Canada. One dollar in Canada is currently worth about 85 cents in the US.
2007-03-02 14:20:42 · answer #3 · answered by Erika G 5 · 1⤊ 0⤋
to differentiate it from U.S,. Australian and Hong Kong dollars.
2007-03-02 14:17:00 · answer #4 · answered by howlettlogan 6 · 1⤊ 0⤋
Because Canadians want to have the ellousion that they are different from U.S. pigs!
2007-03-02 14:20:17 · answer #5 · answered by Natalia B 2 · 0⤊ 3⤋