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The '''Canadian Dollar''' is the official currency of [[Canada]].  

The '''Canadian dollar''' is the official currency of [[Canada]].  

 

For a brief time in October 2007, the Canadian dollar became slightly more valuable than the [[United States of America|American]] [[dollar]] for the first time since 1976.<ref>[http://www.cbc.ca/news/background/economy/loonie.html CBC News] In Depth: Loonie</ref> The increase in the value of the Canadian dollar is in part due to a decrease in the value of the American dollar, and in part because of Canada's strong economic performance.  

In October 2007, the Canadian dollar became slightly more valuable than the [[United States of America|American]] [[dollar]] for the first time since 1976.<ref>[http://www.cbc.ca/news/background/economy/loonie.html CBC News] In Depth: Loonie</ref> The increase in the value of the Canadian dollar is in part due to a decrease in the value of the American dollar, and in part because of strong economic performance.  

The Canadian [[federal government]] has consistently run large, net [[surplus]]es of tax revenues over expenditures since 1998, and is paying down their [[national debt]] (currently still at 457 billion Canadian dollars). The value of the economy also grows because of their wealth of natural resources, including [[oil]] and [[mineral]]s. This appreciation of the dollar has caused difficulties for the manufacturing areas of the economy. The Canadian dollar has stayed relatively steady against the [[euro]] and other major currencies, while the US dollar has fallen.<ref>[http://www.fin.gc.ca/budtoce/2007/ec07_e.html 2007 Economic Statement]</ref>

The Canadian [[federal government]] has consistently run large, net [[surplus]]es of tax revenues over expenditures since 1998, and is paying down their [[national debt]] (currently still at 457 billion Canadian dollars). The value of the economy also grows because of their wealth of natural resources, including [[oil]] and [[mineral]]s. This appreciation of the dollar has caused difficulties for the manufacturing areas of the economy. The Canadian dollar has stayed relatively steady against the [[euro]] and other major currencies, while the US dollar has fallen.<ref>[http://www.fin.gc.ca/budtoce/2007/ec07_e.html 2007 Economic Statement]</ref>

A Canadian one dollar coin is commonly known as a "loonie".

A Canadian one dollar coin is commonly known as a "loonie" because the reverse side of the coin features an image of a loon.

==References==

==References==

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