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.

Bitcoin

Bitcoin

Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.

8408 Canadian Dollar to Bitcoin exchange rates chart

8408 CAD to BTC exchange rates graph
8408 CAD to BTC 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.

8408 CAD to BTC exchange rates table

Exchange CAD to BTC
8408 Canadian Dollar = 0.999 Bitcoin
16816 Canadian Dollar = 1.998 Bitcoin
42040 Canadian Dollar = 4.995 Bitcoin
84080 Canadian Dollar = 9.991 Bitcoin
Exchange Canadian Dollar to Bitcoin
8408 Canadian Dollar to Bitcoin 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.

8408 CAD to BTC exchange rates news

GBP/CAD Outlook: Pound V Canadian Dollar Exchange Rate Plunges As Oil Prices Jump

Following a mixed week for the Canadian Dollar, the British Pound to Canadian Dollar (GBP/CAD) exchange rate plunged on Monday as investors reacted to a surge in oil prices, as well as some concerning Brexit speculation

conditional positive
CANADA STOCKS-Futures decline as oil prices slip

Canada's main stock index futures fell on Friday, as a fall in oil prices due to increased global supply of crude dragged down energy shares.

subjunctive negative
Bitcoin ATMs About to Reach the 4,000 Milestone Worldwide
Bitcoin ATMs About to Reach the 4,000 Milestone Worldwide

With the continued growth of Bitcoin ATMs. statistics show that BTC ATMs are set to reach the 4,000 milestone this month.

indicative positive
Twitter grapples with fake Elon Musk accounts promoting bitcoin scams

Cryptocurrency scammers are promoting tweets through ads after they hijack verified accounts.

indicative neutral
CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail
CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million The CFTC revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million for Bitcoin fraud.

conditional negative
Bitcoin (BTC) Price Analysis: Calm Before Another Storm?
Bitcoin (BTC) Price Analysis: Calm Before Another Storm?

Bitcoin is back to consolidation mode as it formed higher lows and lower highs in another symmetrical triangle pattern.

indicative negative
Bitcoin: The Calm Before The Storm

Bitcoin has been remarkably stable lately, trading in an atypically narrow range over the past few months. However, this is not the first time that such a pheno

indicative neutral

8408 CAD to BTC currency converter