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The Canadian dollar is considered to be a benchmark currency. The Canadian dollar as a regional reserve currency for banking has been an important part of the British, French and Dutch Caribbean states' economies and finance systems since the s. The Canadian dollar is held by many central banks in Central and South America as well.
By observing how the Canadian dollar behaves against the U. The Canadian dollar has fully evolved into a global reserve currency only since the s, when it was floated against all other world currencies. Some economists have attributed the rise of importance of the Canadian dollar to the long-term effects of the Nixon Shock that effectively ended the Bretton Woods system of global finance.
From Wikipedia, the free encyclopedia. History of the Canadian dollar. Coins of the Canadian dollar. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
Unsourced material may be challenged and removed. January Learn how and when to remove this template message. Banknotes of the Canadian dollar. Great time for European vacation as loonie hits record high against euro". The Globe and Mail. Retrieved Nov 9, Retrieved August 15, Retrieved Jan 13, Canadian Economy Online, Government of Canada. Archived from the original on February 21, Retrieved February 18, Le français au bureau. Les publications du Québec. Retrieved October 6, Retrieved May 28, Retrieved Jun 28, Retrieved January 28, Retrieved December 31, Royal Canadian Mounted Police.
Archived from the original on February 15, Retrieved February 17, Archived from the original on March 4, Retrieved March 4, Retrieved May 15, Archived from the original on March 2, Retrieved March 3, Retrieved March 8, Retrieved November 24, Retrieved June 16, Retrieved October 10, Archived from the original on February 22, Retrieved March 16, Archived from the original on July 11, Retrieved March 14, Archived from the original on June 9, Retrieved September 21, Archived from the original.
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Retrieved 22 March Standard Catalog of World Coins: Standard Catalog of World Paper Money: Bruce II and Neil Shafer editors 7th ed. Transaction means a Spot Contract, a Forward Contract or an Order, and shall be taken to refer to a series of transactions pursuant to standing instructions given by you. Websites means any websites owned by us including but not limited to www. These terms and conditions apply to registered companies, registered associations, registered co-operatives or statutory bodies "the Client" or "you" who are dealing with CanadianForex "us" or "we" through our Website.
The specific transactional details of each Transaction, including the currencies to be exchanged and the amount of the transaction, will be agreed separately when you book the Transactions; they will constitute separate agreements in their own right, but will incorporate these terms and conditions. If they have not been sent to you by email, they are all available on our Website at www.
You should read the Terms and Conditions on our Website before entering into this agreement, so that you understand exactly how our service operates. You must be the owner of any funds that are the subject of a Transaction. An Authorised Signatory may have unlimited authority to give us Instructions on your behalf or you may specify the stages of a Transaction they are authorised to undertake. If you wish to change the Authorised Signatories, you may do so by completing a Change of Authorised Signatory Form or otherwise notifying us in writing.
We will accept any Instructions received pursuant to the use of the Username and Password without checking the identity of the user or their level of authorisation and you will at all times be bound by those Instructions.
We will provide you with confirmation of the Transaction Details on the screen at the time you book the Transaction, but we will not provide you with any subsequent confirmation of any kind, unless you request it. If we cannot contact you by telephone on the number you have given to us within 15 minutes of your booking, we reserve the right to cancel the booking and not enter into the Transaction.
You acknowledge that, if you choose to book a Transaction by email, it may not be processed immediately. If there is any discrepancy between the Deal Confirmation and the details of the Transaction set out in your email, you must contact us within 24 hours of receipt of the Deal Confirmation, failing which the Transaction details in the Deal Confirmation will be deemed to be correct.
After the telephone call, we will send you a Deal Confirmation. If you do not receive the Deal Confirmation, the Transaction is still legally binding and will be evidenced by the transcript of the telephone conversation in which it was booked.
You acknowledge that the amount of any Advance Payments requested will be determined by us in our discretion and that we may request an Advance Payment even if we have entered into a credit limit arrangement with you. If we agree, you acknowledge that the Rate will be adjusted to account for the timing of the new Delivery Date.
If we have not received the funds within 2 business days, we reserve the right to Close Out the Transaction in accordance with paragraph 9. If we have not received the funds by the Maturity Date or any agreed change to the Maturity Date , we reserve the right to Close Out the Transaction in accordance with paragraph 9.
This includes any legal costs, on a solicitor and own client basis, that we may incur in order to enforce our rights or recover any amounts you owe us. The Client warrants that it has given you a copy of this paragraph You must tell us if any details change as soon as practicable.
Authorise means authorise the stage of a Transaction when we transmit your funds from our account to your to your nominated beneficiary account.
Authorised Representative means an individual who is a director or officer authorised to execute this Agreement or an Authorised Signatory. Authorised Signatory means an individual appointed and authorised by you to provide Instructions to us on your behalf. Booking means booking a Transaction by providing us with all of the relevant Transaction details. Deal Confirmation means a written communication, however described, provided by us confirming the details of any Transaction that you have booked by telephone, email or online, which shall be an error correction mechanism only.
Delivery Date means the date on which we have requested that you deliver your funds to our account for transmission. Instructions means a request made by you to enter into a Transaction and shall be taken to include any information, communications or documents incidental to or relating to a Transaction whether we process the Transaction or not. Maturity Date means, in relation to a Forward Contract, the date on which the currency exchange is to be made by us and includes any agreed variation to the original date, being either an earlier or a later date.
Payment means payment by you to us of funds for transmission. View Deals means viewing all pending and completed transactions on our website. You are using Internet Explorer 10 and you are going to be redirected to a page that does not support Internet Explorer You will need to change you browser's compatibility mode as per the following link.
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Media Centre Visit our Media Centre to read published articles and press releases. Security How we protect you and how to protect yourself. Global Contact Search Search. You need to have cookies enabled in your browser to access the secure pages of the OFX site. You can enable cookies in the browser settings. When you compare it to other markets around the world such as the US or UK Forex market you see that the security it offers against scams and frauds is not paralleled.
Can Canadian citizens do business with a US Forex broker? For a US Forex broker to be able to conduct business with a Canadian citizen there must be two criteria which are met. First the broker must have a physical presence in Canada and second it has to be registered as a broker with securities in Canada. What are the payment options that Canadian Forex brokers offer to customers?
Can I be led into a fraudulent transaction with a regulated Canadian broker? Canadian Forex brokers are so heavily regulated that it is nearly impossible to be involved in any sort of fraud or scam. If there is a situation in which a regulated Canadian Forex broker leads you into a scam through misinformation or some other means of misleading the trader then that broker will be heavily penalized, stripped off his license and put on the wall of shame.
This might not seem as a consolation for the misled party, but penalizing actions such as these are designed to prevent Forex brokers from going into a fraudulent deal in the first place. How can I avoid getting involved in a broker scam? If you always check that the Forex broker that you deal with is registered with the CSA, complies with the IIROC regulations and is also adhering to specific provincial or regional laws then you cannot and will not be involved in a scam.
However, there is always a chance that you are the victim of some of the misleading techniques and methods which fraudsters use and which we will discuss further down in this article. If this happens you are most likely not dealing with a regulated Forex broker and you even might not be dealing with a Forex broker at all.
Do all the Canadian provinces comply with the same Forex operating laws? Different provinces may have to comply with additional rules and requirements unless an exemption is granted. British Columbia, Ontario and Quebec are some of these provinces.
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