Canadian Dollar

Canadian Dollar

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

Gold Ounce

Gold Ounce

Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, in veins, and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of nitric acid and hydrochloric acid, which forms a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to confirm the presence of gold in metallic objects, giving rise to the term acid test. Gold also dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction. A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971. A total of 186,700 tonnes of gold exists above ground, as of 2015. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine. As of 2016, the world's largest gold producer by far was China with 450 tonnes per year.

1603 Canadian Dollar to Gold Ounce exchange rates chart

1603 CAD to XAU exchange rates graph
1603 CAD to XAU Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1603 CAD to XAU exchange rates table

Exchange CAD to XAU
1603 Canadian Dollar = 1.007 Gold Ounce
3206 Canadian Dollar = 2.013 Gold Ounce
8015 Canadian Dollar = 5.033 Gold Ounce
16030 Canadian Dollar = 10.065 Gold Ounce
Exchange Canadian Dollar to Gold Ounce
1603 Canadian Dollar to Gold Ounce Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1603 CAD to XAU exchange rates news

Canadian dollar extends rebound from four-month low as oil prices rise

The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Wednesday, extending its recovery from a nearly four-month low the day before as oil prices rebounded.

indicative negative
C$ steadies after hitting 4-month low on oil price slump

updates prices); Canadian dollar near flat against the greenback; Loonie touches its weakest since July 20 at 1.3264; Price of U.S. oil slumps 7.1.

indicative neutral
Pound Falls 2.5% Against Gold as UK Government in Turmoil Over Brexit

Since 1995, publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

conditional negative
Silver Range Options Gold Chief to Crocan Capital Corp. - Press Release - Digital Journal

The Gold Chief Property is located 9 kilometres north of Caliente in Lincoln County, Nevada, and covers the past-producing Gold Chief Mine and a peripheral prospect. The Gold Chief Mine reportedly produced 5224 t @ 6.18 g/t gold from 1913 to 1914 and shipped 189 T @ 1.1 OPT gold-equivalent during high-grading operations in the late 1930's. In 2016, Silver Range sampled the back of a collapsed stope which returned 14 m @ 1.93 g/t gold including 4 m @ 3.86 g/t gold with best results (1 m chip) of 4.58 g/t gold.

indicative positive
Eastmain Drills 2.35 g/t Gold over 87 metres and 1.46 g/t Gold over 78.5 metres on Newly Discovered Percival Prospect at the Clearwater Property

TORONTO, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF) announces the discovery of a new gold mineralized zone at the Percival Prospect on the 100%-owned Clearwater Property (the “Property”) in James Bay, Québec. The Percival Prospect is located 14 km ESE of the Company’s million-ounce Eau Claire gold deposit and represents a new and distinct style of mineralization on the property. Drilling on Percival was conducted as part of Eastmain’s 2018 growth-focused exploration program.

imperative neutral

1603 CAD to XAU currency converter