It's not uncommon for many Canadian retailers to accept American dollars, especially in major cities and close to the American border. However, this isn't the case everywhere and you won't get the best percentage as retailers are free to set their own exchange rate. You’re likely to hear the terms "loonies" and "toonies" during your visit, which locals recognize as the $1 and $2 coins, respectively. And while credit cards are commonly accepted nearly everywhere and there’s easy access to cash, we recommend exchanging your American dollars to Canadian dollars before your visit for the best rate. Most cash withdrawal machines throughout Canada will charge a service fee of about $5, which is quite a high number when also considering your own bank's service fee per withdrawal.
TIP: Cash machines may ask if you want your withdrawal to be charged in your home currency. Choose local currency for a lower rate.
Currency:
Canada (dolar)
Big Mac Price:
5.08
Coffee Price:
5.65
It's not uncommon for many Canadian retailers to accept American dollars, especially in major cities and close to the American border. However, this isn't the case everywhere and you won't get the best percentage as retailers are free to set their own exchange rate.
Tip
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