The currency used in Canada is the Canadian dollar, abbreviated as CAD. The symbol for the Canadian dollar is "$," but it is often distinguished from other dollar-denominated currencies by using "C$" or "CA$." The Canadian dollar is subdivided into 100 cents. It is one of the most traded currencies in the world and is influenced by various factors, including the country’s natural resources, economic stability, and trade relationships, particularly with the United States. The Canadian dollar's value is also impacted by global market fluctuations in commodities like oil, as Canada is a major exporter of natural resources.