The Canadian Dollar, abbreviated as CAD, is the official currency of Canada. It is symbolized by the dollar sign ($) or sometimes as C$ to distinguish it from other dollar-denominated currencies. The Canadian Dollar is subdivided into 100 cents and is issued by the Bank of Canada, the country's central bank. The currency is widely used in international trade and is considered a commodity currency due to Canada's rich natural resources, including oil and minerals. The value of the Canadian Dollar can fluctuate based on economic factors, including interest rates, inflation, and global market trends.