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Silver Price Canada
The country of Canada occupies the northern portion of Great America. The country is massive, stretching from the Pacific Ocean to the Atlantic and as far north as the Arctic Ocean. The nation consists of 10 provinces and three territories, covering an area of some 3.85 million square miles. Canada is one of the world’s largest countries by both total area and land area. Canada is sparsely populated, with the majority of its inhabitants living in its medium to large cities. The majority of the Canadian landscape features mountains, forest and tundra. The country is extremely rich in natural resources, and those resources are a key contributor to its economy. The capital of Canada is the city of Ottawa, and the official languages of the country are English and French. The government consists of a federal parliamentary representative democracy under a constitutional monarchy.
The Canadian Dollar is the official currency of Canada. The currency is often referred to as the loonie, owing to the loon that is featured on the one dollar coin. Like the U.S. Dollar, the Canadian Dollar can be subdivided into 100 cents. Canada’s currency is extremely popular as a global reserve currency. It is preferable due to Canada’s economic and political stability.
The Canadian Dollar is issued and controlled by the country’s central bank, the Bank of Canada. The central bank was established in the 1930s as a private corporation. Just a few years later, however, the Bank of Canada became a crown corporation. The Bank of Canada has numerous responsibilities in addition to managing the nation’s currency. Some of them include oversight of the financial system and conducting monetary policy.
If you are looking to buy silver in Canada, you will see prices quoted in the Canadian Dollar. Prices may also be available in other major global currencies such as U.S. Dollars, Great British Pounds, euros or Japanese Yen. Silver is typically quoted by the ounce, gram or kilo.
The Royal Canadian Mint is headquartered in the capital city of Ottawa. The mint is responsible for production of circulation coinage, but also produces a wide variety of other products as well including bullion bars, bullion coins, collectibles and more. The RCM has a worldwide reputation for producing some of the finest and highest quality bullion products available today. Many of the mint’s designs feature stunning depictions of Canadian landscapes, wildlife, key figures or historical events.
The Canadian Silver Maple Leaf coin is one of the most popular silver coins in the world. These silver bullion coins contain one troy ounce of .9999 percent fine silver and carry a face value of $5 CAD. The coin features the iconic maple leaf design as well as a portrait of Her Majesty Queen Elizabeth II. They tend to be very liquid, and may even be IRA account eligible.
If you want a little more metal, you can take a look at the RCM 10 ounce silver bar. This bar contains 10 troy ounces of .9999 fine silver, and features the RCM logo along with several other features including unique serial number and reeded edge.