As many countries of the world that were under the british control during colonial times, Canada had to suffer for being a colony of the european power and so develop its commerce in pounds during this period. The birth of the canadian dollar was in the end of the 18th century and at the beginning of the 19th century, more exactly on the 1st january 1858 when they ordered to issue the first canadian dollars.
In 1871 the currency unification was approved as this was one of the principal conflicts that Canada used to have. Since that moment, all the regions became tied up to the canadian dollar.
The canadian dollar can be found as a bill or on the contrary, as a coin, and its similarity to american currency is very noticed. Canadian coins are issued by the Real House of Canadian Currency and canadian dollars are issued by the Bank of Canada and produced at Ottawa.
The relation canadian dollar and the american one is almost the same in its exchange rates. One american dollar U$$ 1 is equals to CAD 0,98 canadian dollars.