Money, Budget, and Shopping in Canada

Money

Currency

Currency: Canadian dollar (100 cents)

Banknotes: 5, 10, 20, 50 and 100 CAD$

Coins: 5, 10, 25 cents + 1 and 2 CAD$

Exchange:

Exchange

Currency exchange offices can generally be found in major cities and main airports across Canada. Foreign currency exchange is also available at banking institutions, and it’s possible to withdraw Canadian dollars from most ATMs nationwide.

Hotels, restaurants, and large stores may accept certain foreign currencies, but the exchange rate is usually less favorable than at a bank.

Which currency to bring

It’s best to obtain Canadian dollars before departure, as the final exchange rate is typically better.

Payment methods

Major credit cards, including American Express, MasterCard, and Visa, are accepted everywhere in Canada for all transactions. However, be mindful of bank fees if you make multiple small purchases or withdrawals. Still, it’s wise to carry some cash, especially in rural areas or for using public transportation (city buses).

Upon return

While it’s always preferable not to re-exchange money you’ve already converted, any leftover Canadian dollars can easily be exchanged at banks after returning home.

Budget

What can be expensive

What can be inexpensive

Price range

Budget hotel double room:

Mid-range hotel double room:

Snacks, local restaurant meal:

Mid-range restaurant meal:

Budget car rental:

100 km by bus:

100 km by train:

Taxi:

Urban bus: