Why did the Canadian dollar fall to its lowest level?

(DirkKafka/stock.adobe.com) The Canadian dollar fell to its lowest level in almost two years on Friday, as investors around the world surveyed the worsening outlook for the economy and ran toward the safety of the U.S. dollar. The Canadian dollar was changing hands for as little as 75.15 cents US at one point on Friday morning.

What is the currency code for Canadian dollars?

The currency code for Dollars is CAD, and the currency symbol is $. Below, you'll find Canadian Dollar rates and a currency converter. The Canadian Dollar is the seventh-most traded currency on the Forex market, as many institutions and individuals trade the CAD. People also refer to the CAD as the Loonie, buck, Huard, and Piastre (in French).

Which currency has gained more against the US dollar this year?

So far this year, the Canadian dollar has gained more against the U.S. dollar than any other major currency. The loonie is up 16 per cent against the greenback, while the euro is up just six per cent, the British pound two per cent, and the Japanese yen about four per cent.

What is a CDN & how does it work?

A CDN allows for the quick transfer of assets needed for loading Internet content, including HTML pages, JavaScript files, stylesheets, images, and videos. The popularity of CDN services continues to grow, and today the majority of web traffic is served through CDNs, including traffic from major sites like Facebook, Netflix, and Amazon.