Forex news, rate of Canadian dollar. Last week new 100-dollar notes were issued in Canada. The official ceremony was held in Toronto. New 50-dollar notes, designed by the same technology, are to be issued next March. Up to 2013 the same production technology is to be applied to 5, 10, and 20-dollar notes.
The new 100-dollar note is designed in brown colours. It bears the portrait of Sir Robert Borden, Canadian Prime Minister. His hologram image is also represented in top right-hand part of the note.
There is a half-transparent gap in the left-hand part of the note, it has the form of a maple leaf. A researcher with a microscope is featured at the reverse. Microprint, hologram images, and transparent gaps serve for the security of the largest Canadian note. The currently running notes are made of grass paper, whereas new ones are made of polymer. Such production is several times more expensive, but their life span also increases in 2.5 times. According to experts, at present more and more states are switching to plastic notes, as they are not worn out quickly. Thus, plastic money can be found in India, Australia, Sri-Lanka, and Hong Kong .
Meanwhile, according to the Department of Мasterforex-V Trading System, at Forex market the rate of Canadian dollar is forming an upward wave 5/А of Н4 level. If pivot MF and sloping channel MF, which protect the bear trend, are passed, the five-stage wave pattern will finish and an upward wave of upper level will be formed.
