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Country Guide > North America > Canada


Money

Currency
Canadian Dollar (CAD) = 100 cents. Notes are in denominations of CAD100, 50, 20, 10 and 5. Coins are in denominations of CAD2 and 1, and 50, 20, 10 and 5 cents.

Credit & debit cards
Most international credit and debit cards are accepted.

Travellers cheques
To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Canadian Dollars; these are widely negotiable.

Currency restrictions
There are no restrictions on the import or export of either local or foreign currency. The export of silver coins over C$5 is prohibited.

Exchange rate indicators

DateOct' 05
£1.00 =2.06
$1.00 =1.17


Banking hours
Mon-Frei and Fri 0900-1600. Business accounts can only be set up on presentation of a letter of credit from a home bank. Some banks in major centres have extended hours; visitors should check locally.


   
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