Canada Currency : Canada  

Canada Currency - Travel guide

Canada

Canada Currency

The Canadian currency system uses dollars ($) and cents (¢) similar to the U.S., Australia and New Zealand.

Canada now has one- and two-dollar coins, often called the "loonie" and the "toonie," in addition to 1¢, 5¢, 10¢ and 25¢ coins. Paper money comes in different colors and designs. The most common are $5 bills (blue), $10 bills (purple), $20 bills (green), $50 bills (red) and $100 bills (brown). You may still see some old red $2 bills, which remain valid currency.

Most hotels, stores and restaurants will accept U.S. dollars, though sometimes at a lower rate than banks or airports. Large hotels will usually give you a rate similar to those at the bank. It is always a good idea to convert some of your money to Canadian currency prior to leaving home.

Exchanging Currency in Canada

You can change money at any recognized financial institution, bank, trust company or currency exchange in Canada. Many stores, hotels and restaurants will also exchange currency, but often offer a lower rate than a financial institution. Be sure to convert some of your money prior to leaving home.