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Money Matter in Canada

  Topic » Tour and Travel Tips For World » Travel Tips For Canada
Post By : Rainrays At 2011-07-04 15:10:34

Official currency of Canada : Canadian dollar is the official currency of Canada and it is denoted by CAD or C.


1 Canadian Dollar (Can$) = 100 cents.


Notes denominations are : Can$1000 (uncommon) , Can$100, Can$50, Can$20, Can$10, Can$5 .


And Coins denominations are :  Can$2 (twoonie), Can$1 (loonie), 50 cents (uncommon), 25 cents (quarter), 10 cents (dime), 5 cents (nickel), 1 cents (penny).

Banking hours are Monday to Friday, 9.30 a.m. to 4:30 p.m., with extended hours including weekends at many locations.

Currency Conversion and Exchange Rates
-> Exchange rates is vary from minute to minute depending on world markets.
-> When exchanging cash or travellers cheques it’s best to check the rate and commission before making the exchange.
-> Although many retail outlets, restaurants and other venues may accept American money, visitors are advised to exchange their travellers checks or cash for Canadian currency.

Utility of Debit and Credit cards and Travellers Cheques in Canada : In Canada Debit and credit cards, like MasterCard, Visa and American Express are widely accepted.

Travellers cheques in Canada

Travelers cheques is the best way to carry cash as if you loose them they can be replaced.  Additional exchange rates charges can be avoided and they are accepted in all major establishments like banks, shops and hotels.

Tipping in Canada : Tips or service charges are not usually added to a bill in Canada, except for large parties or banquets. In Canada general, tip between 10 – 20 % of the total amount based on the quality of service. Tips will applies to waitstaff, hairdressers, barbers, taxi drivers, and others in the hospitality sector. At hotels, airports and railway stations the tips of bellhops, doormen and redcaps (porters) is $2 per item of luggage.




Travel Insurance for Canada

We highly recommends having a travel insurance policy that covers: -> Loss of and/or damage to luggage -> Medical insurance -> Cancellation and Curtailment -> Loss of money (cash), travellers cheques or personal belongings If you are participating in winter sports than your travel insurance covers this also. If you are bringing along expensive items such as jewelry or photographic equipment, check the value per item is covered by your travel insurance. ..

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