Canadian Dollar represented by CAD and C$ is the official currency of Canada. The
currency also is known as a petrocurrency as it is backed by the vast oil and gas
reserves of Canada and is issued by the Bank of Canada. The denominations of the
Canadian Dollar include 5 to 100$ as banknotes and 5 to 50 cents, 1, 2$ as coins.
The currency holds an exchange value between 50-55 INR. Canadian Dollar is mostly
transacted by students in India who seek educational opportunities in Canada. a
significant portion of the Indian students going abroad to study is in Canada.
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