Search results
Results from the WOW.Com Content Network
This gold standard re-affirmed the value of British gold sovereigns set in 1841 at £1.4s.4d in local currency, and the American gold eagle at $10 in local dollars. In effect this created a Canadian dollar at par with the United States dollar, and Canadian pound at US$ 4.86 + 2 ⁄ 3. No coinage was provided for under the 1853 act but gold ...
The government fixed the value of the Canadian dollar against the pound sterling ($4.43 buying and $4.47 selling) and also against the US dollar ($1.10 (US$0.9091) buying and $1.11 (US$0.9009) selling). The government also imposed strict currency controls on exchanges with foreign currencies, particularly the United States dollar.
The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada.It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies (though C$ remains ambiguous with the Nicaraguan córdoba).
The pound (sign: £) was the currency of Nova Scotia until 1860. It was subdivided into 20 shillings (sign: s or /–), each of 12 pence (sign: d).It was equivalent to sterling and was replaced by the dollar in 1860, [1] at a rate of $5 = £1 ($1 = 4/–), although coins and notes of the dollar currency were not issued until 1861.
The Canadian dollar weakened to a 4-1/2-year low against its U.S. counterpart on Thursday as the greenback notched broad-based gains and a recent widening in the gap between U.S. and Canadian bond ...
In 1852, New Brunswick adopted the same standard for its pound as the Province of Canada was using, [1] with £1 stg. = £1.4s.4d local currency (see Canadian pound). The pound was replaced by the dollar in 1860, at a rate of 1 dollar = 5 shillings.
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
There were two denominations, the 1/– and 5/–. Both were produced by cutting a central plug from a Spanish dollar (8 real) coin. The plug, stamped with a sunburst, made the 1/– piece, whilst the similarly stamped ring made the 5/– piece. Due to its shape, the 5/– coin was known as a holey dollar.