The US Dollar (USD) is one of the most traded currencies in the world. It's strength and stability have made it, until recently, the most desired currency. However, when people discuss the US Dollar, they can't just mention "the Dollar." Not anymore. They must say "the US Dollar." Why? Because there are lots of "dollars" in the world. And one of those dollars is gaining strength and recognition on the American continent and around the world.

It is the Canadian Dollar (CAD).

Right in the backyard of the Greenback, the CAD is quickly becoming one of the major currencies. As the Canadian economy grows and the US economy slips into recession, the Canadian Dollar is looking more attractive to investors. It is linked to the price of oil, which is reaching record-high levels. And this is one of the reasons that the CAD is getting the attention. However, the price of many commodities is reaching record levels. As you may know, Canada is rich in commodities so its currency is benefitting from the increased demand for commodities and the subsequent rise in commodity prices.

So, don't just say "the Dollar". Say the "US Dollar." Or say "the Canadian Dollar" -- it is a major player in the global marketplace. And it deserves respect!