Canadian dollar worth in U.S. currency?

1 Canadian Dollar (CAD) is equivalent to 0.95 United States Dollar (USD) as of July 2, 2013.

The Canadian dollar, denoted by C or CAD, is the official currency of Canada. In 1817, CAD was first printed by the Bank of Montreal, and eventually became official by the Province of Canada on January 1, 1858. The Bank of Canada issues bills, while the Royal Canadian Mint issues Canadian coins. The wording on the notes is in both French and English, as both languages are official in Canada.

The Canadian dollar is oftentimes referred to as “buck,” as with the United States dollar. Furthermore, the word “loonie” is used to distinguish the Canadian dollar from other currencies, especially in the context of the currency markets and foreign exchange trading.

Just now, the loonie is currently in the 95-cent range, and expected to weaken. It ended the second quarter of the year with a loss of 3.3 per cent, bringing the loss so far this year to 6 per cent. (It ended down 0.28 of a cent at 94.80 cents (U.S.), its lowest closing price since October, 2011.)