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The Evolution of Money in Canada Introduction The almost 150-year evolution of Canada's currency from its colonial origins to the contemporary stage is a challenging subject worthwhile in-depth investigation. This research paper chronologically outlines main historic dates and facts of a Canadian dollar development, including bartering, coinage, bank notes, and paper money. Colonial origins of exchange The first dollars used in Canada were Spanish dollars, eight reales coins issued by Spain and her colonies. Because the colonies used the £sd system for accounting, it was necessary to set a valuation or rating for the Spanish dollar in £sd. Different ratings were used in the different colonies (Wikipedia, Para. 1 Spanish Dollars). According to Adam Shortt, "the first regular system of exchange in Canada involving Europeans occurred in Tadoussac in the early seventeenth century. Here, French traders bartered each year with the Montagnais people (also known as the Innu), trading weapons, cloth,...

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