The main currency of Canada is the Canadian dollar (CAD). It is denoted by the symbol "$" or sometimes "C$" to distinguish it from other dollar-denominated currencies. The Canadian dollar is further divided into 100 cents and is one of the most traded currencies in the world. The currency reflects Canada's stable economy and is influenced by various factors, including commodity prices, especially oil, as Canada is a major oil exporter. The Canadian dollar is accepted throughout Canada and is also sometimes used in trade with the United States.