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During the period of British colonization, additional coinage was introduced, as well as banknotes. The Canadian colonies gradually moved away from the British pound and adopted currencies linked to the United States dollar. With Confederation in 1867, the Canadian dollar was established.
Map of a theoretical NAU, with Canada, Mexico, and the United States of America. The North American monetary union is a theoretical economic and monetary union of three North American countries: Canada, Mexico, and the United States.
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Map showing the theoretical union located in the world map. The North American Union ( NAU) is a theoretical economic and political continental union of Canada, Mexico and the United States, the three largest and most populous countries in North America.
With Confederation in 1867, the Canadian dollar was established. By the mid-20th century, the Bank of Canada was the sole issuer of paper currency, and banks ceased to issue banknotes. Canada has an extensive history with regard to its currencies.
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1 Canadian dollar bill of 1898. The Canadian dollar is the national currency of Canada. It has been used since 1858. The Canadian dollar is also used in Saint Pierre and Miquelon along with the Euro. Other websites. Heiko Otto (ed.). "Banknotes of Canada" (in English, German, and French)
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