Casinos supporting Canadian Dollar Currency

The Canadian people didn't always use dollars as their national currency. In fact, due to being a British colony and remaining a part of the Commonwealth of Nations to this day, they were originally minting and spending Canadian pounds sterling to match with the British system.

In the mid-1800s, the colony of Canada was debating whether to continue with a sterling system or to switch to the decimal-based system that their neighbour the United States was using. At the time the prevailing opinion was that being more inclined to trade with the US than Britain regularly due to distance, it would be better to use a decimal-based system to be easy. However, there was enormous pressure from London to remain on the sterling system to better control colonial trade. While Britain tried to sway Canada toward maintaining the pound by introducing the gold standard to the colony, eventually it and the other colonies that compose the modern nation of Canada switched to a decimal system.

The Canadian dollar is a very popular currency that is traded freely and is also the 5th most held reserve currency in the world behind the US dollar, the pound sterling, the yen, and the euro.


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