A question for travel to Canada

Bird889Bird889 Posts: 423
edited July 2011 in The Porch
Do I need to exchange my US dollars for Canadian currancy? Or is US currancy readily accepted up North?

Thanks. Looking forward to meeting our friends in Saskatoon, Calgary, Edmonton and Vancouver.
Life should NOT be a journey to the grave with the intention of
arriving safely in an attractive and well preserved body, but rather to
slide in sideways, BBQ sandwich in one hand, cold beer in the other,
body thoroughly used up, totally worn out, and screaming "Woo Hoo what a
ride"!
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Comments

  • MG79478MG79478 Posts: 1,720
    Up until very recently, I found that they would take American money because it was worth more. Last time I was there, Canadian was worth slightly more. It was like $20.60 American was worth $20 Canadian. All of a sudden, they stopped taking American money everywhere.

    Depending on what you intend to do, you might not need any Canadian money. You can use a credit card most places. You can probably buy public transit tickets with a credit card. If you are going to ride in a taxi, you will need Canadian money. I find it easiest to just get a few bucks Canadian out of one of their ATMs.
  • Jokertt14Jokertt14 Posts: 2,566
    you cant ask your friends ?? they would know best .
  • I doubt anyone up here will take any of your funny money.
    "Im not principal of the line mother...."
  • lukin2006lukin2006 Posts: 9,087
    Your best bet is just to exchange at the bank...
    I have certain rules I live by ... My First Rule ... I don't believe anything the government tells me ... George Carlin

    "Life Is What Happens To You When Your Busy Making Other Plans" John Lennon
  • slightofjeffslightofjeff Posts: 7,762
    I've never had a problem giving away American money up north. Of course, I've only been to Toronto. I don't know how they handle it in the backwoods of Canada. ;)
    everybody wants the most they can possibly get
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  • FifthelementFifthelement Lotusland Posts: 6,965
    Most places will accept US currency; however, any change that you get back will be in CDN currency ;):D Currently the US dollar stands at just below par, i. e. $1 USD = $0.9541 CAD. I find it easier to withdraw from a local bank machine (ATM, ATB etc.). However, my bank counseled me to withdraw amounts larger than 200$ in order to cut down on withdrawal fees. If you do go the bank machine route, be sure to inform your bank when and where you are traveling and to find out what your daily withdrawal limits are.

    Good luck and see you soon :mrgreen:
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  • Bird889Bird889 Posts: 423
    Most places will accept US currency; however, any change that you get back will be in CDN currency ;):D Currently the US dollar stands at just below par, i. e. $1 USD = $0.9541 CAD. I find it easier to withdraw from a local bank machine (ATM, ATB etc.). However, my bank counseled me to withdraw amounts larger than 200$ in order to cut down on withdrawal fees. If you do go the bank machine route, be sure to inform your bank when and where you are traveling and to find out what your daily withdrawal limits are.

    Good luck and see you soon :mrgreen:

    Great advice, never thought about notifying the bank beforehand. Probably should do the same with my cc as well.
    Life should NOT be a journey to the grave with the intention of
    arriving safely in an attractive and well preserved body, but rather to
    slide in sideways, BBQ sandwich in one hand, cold beer in the other,
    body thoroughly used up, totally worn out, and screaming "Woo Hoo what a
    ride"!
    Unknown

  • NamiNami Newfoundland Posts: 5,998
    Realize its about currency but take a extra couple days/weeks to check out this great country. Hit Newfoundland first then move West!

    LOL :D

    I know they are not playing East of Montreal but you gotta check out good ol Newfie first... then NS. Two awseome party provinces.

    Cmon September...
    Hamilton 9-13-05; Toronto 5-9-06, Toronto 8-21-09, Toronto 9-12-11, Hamilton 9-15-11....
  • halvhalv Posts: 708
    With the CDN dollar now about 5 cents higher than USD it's a good idea to have CDN money with you. I work in travel and have spoken with a number of people who used to have no problem using USD up here but that has changed as of late.
  • CanadianEHCanadianEH Posts: 134
    lukin2006 wrote:
    Your best bet is just to exchange at the bank...
    Agreed. You will probably get the best rate.
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  • wolfbearwolfbear Posts: 3,965
    CanadianEH wrote:
    lukin2006 wrote:
    Your best bet is just to exchange at the bank...
    Agreed. You will probably get the best rate.
    I've actually heard that using your credit card gives the best rates but I suppose it depends. Now that we're about equal I'm sure any/all exchanges have changed a bit and also where in Canada you are. On a side note, our last two trips to Canada, which is only 20 minutes for us to Vancouver, we've had trouble using our visa card. For some reason it's setting off alarms to them so we will be sure to let them know we're traveling there from now on. It never used to be a problem in the past, so don't know if it's just they are being super sensitive or what. It's a pain though to get calls from them to verify our charges and have our card kind of on hold. :( Haven't had any issues with Am Ex though. :)
    "I'd rather be with an animal." "Those that can be trusted can change their mind." "The in between is mine." "If I don't lose control, explore and not explode, a preternatural other plane with the power to maintain." "Yeh this is living." "Life is what you make it."
  • mensanemensane Posts: 912
    1- let your bank know you will be traveling to canada. make sure you do this at least a week in advance to get it set up. they will need to know the dates you will be traveling and also the location. you can call the number on the back of your credit card to do this.
    2- to get cash, use your bank debit card at a bank atm machine
    3- if you are using your credit card to pay for things- hotel, meals, etc- check to see which one had the best terms for foreign transactions. capital one is the best in my opinion. they do not charge a foreign transaction fee on purchases. most of the others charge like 3% extra every time you use your card.

    if you are spending several days in canada, it might be worth it to get a rebate on the tax you pay for your hotel. we did this for the 2005 tour. check out this website for instructions:
    http://www.visitorstocanada.com/visitortaxrefund.html
  • jimbojones1138jimbojones1138 Posts: 3,640
    i just usually hit up the atm...if ur gonna do this and ur from the usa, make sure you call the # on the back of your debit/cred cards to inform the card companies ur gonna be in canada/overseas. if the co sees transaction say up in toronto and they know u live in alabama, they will most likely decline the transaction for security purposes. Red flags go right up becuase of identity theft and whatnot
    it's largely due to eddie that i liked to jump off of things as a child...
  • shepshep Houston Posts: 5,900
    Most of this will be a repeat of what others have said, but I travel very frequently back and forth between Canada and the US, so a couple of quick points.

    1. While a lot of places do take American currency, they screw you on it. 99% of the time the exchange rate they give you isn't the same as the actual exchange rate - i.e. you get less CDN for your USD. These rates are usually much worse than what the bank offers you.

    2. At all banks in Canada - at least all i've been into lately - the exchange rate is $0.03/dollar above or below the actual exchange rate. i.e. if the exchange rate is 0.95 CDN = 1 USD, and the bank will give you 0.95 CDN = 1.03 USD when you buy, and 0.95 CDN = 0.97 USD when you sell back. So try not to have any left over.

    3. IF you have a US credit card, foreign transaction fees are usually 3% of the final purchase price, depending on the card.

    So, depending on your situation - it may be worthwhile to go with one or the other.

    Also, as others have said, notify your credit card company! they will cancell your card at any and all opporunities because they're the ones on the hook for fraud! you don't want to get stuck on vacation without access to funds!
    Houston, Texas... Believe it or not, there are 7 million people here... must be a couple of fans who'd love to see you play.
  • dislocateddislocated Posts: 599
    You will need Canadian money. I'm in either Toronto or Montreal a couple times a month & atm's are the easiest way.
  • nc_jammer1nc_jammer1 Posts: 547
    dislocated wrote:
    You will need Canadian money. I'm in either Toronto or Montreal a couple times a month & atm's are the easiest way.


    Agreed,... of course you should have canadian cash,..just when you're in the busy beer line at the concert, you whip out your american cash and they look at you sideways,..avoid that frustration.
  • mensane wrote:
    1- let your bank know you will be traveling to canada. make sure you do this at least a week in advance to get it set up. they will need to know the dates you will be traveling and also the location. you can call the number on the back of your credit card to do this.
    2- to get cash, use your bank debit card at a bank atm machine
    3- if you are using your credit card to pay for things- hotel, meals, etc- check to see which one had the best terms for foreign transactions. capital one is the best in my opinion. they do not charge a foreign transaction fee on purchases. most of the others charge like 3% extra every time you use your card.

    if you are spending several days in canada, it might be worth it to get a rebate on the tax you pay for your hotel. we did this for the 2005 tour. check out this website for instructions:
    http://www.visitorstocanada.com/visitortaxrefund.html

    great advice... I was about to post something similar
  • Cosmic SlopCosmic Slop Posts: 107
    Personally when I travel I like to use the local currency, helps you to blend in and not be branded a tourist...not that there's anything wrong with that. It's just easier overall for everyone imo.
  • RKCNDYRKCNDY Posts: 31,013
    one more thing that I see that has not been mentioned...(maybe they don't do it anymore?) :? FifthElement? do you know?

    SAVE YOUR RECIEPTS-Canada charges GST and VAT (taxes) and if you reach a certain amount in the taxes, you can go to the Duty Free shop, turn in your receipts and get all the taxes refunded to you. Last time I was there the minimum was like $27, I had $25, but the lady told me the receipts were good for 18 months and I could come back, spend more, and turn them all in together.

    Don't know if it's worth your effort, but I figure $25 is like dinner/lunch. :D
    The joy of life comes from our encounters with new experiences, and hence there is no greater joy than to have an endlessly changing horizon, for each day to have a new and different sun.

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  • kittykat416kittykat416 Posts: 180
    Think of it this way: Is Canadian money accepted in the U.S.?
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  • JaneNYJaneNY Posts: 4,438
    RKCNDY wrote:
    one more thing that I see that has not been mentioned...(maybe they don't do it anymore?) :? FifthElement? do you know?

    SAVE YOUR RECIEPTS-Canada charges GST and VAT (taxes) and if you reach a certain amount in the taxes, you can go to the Duty Free shop, turn in your receipts and get all the taxes refunded to you. Last time I was there the minimum was like $27, I had $25, but the lady told me the receipts were good for 18 months and I could come back, spend more, and turn them all in together.

    Don't know if it's worth your effort, but I figure $25 is like dinner/lunch. :D

    How long ago was that - I believe that was phased out around 2007. We used to take advantage of that all the time as we live closer to Montreal, Ottawa than any US major cities - the phasing out of GST refund put a damper on our Canadian shopping, together with the 3% foreign transaction fee on CCs. But yeah, we just go to Scotia bank or Canadian Trust ATM and withdraw Canadian funds once we get there, and I always have some lying around anyway. But whether they take U.S. funds or not, I think it is kind of more polite to use the currency for the country you are going to.
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  • JeanwahJeanwah Posts: 6,363
    I was in Montreal last week, and the exchange rate is so close, that we just used American for some transactions and there were no problems. And we exchanged some money at a bank close to the border (Plattsburgh, NY) to get the most accurate exchange rate. Is using an atm really any better than going to a bank nearby?
  • Vedder_Girl77Vedder_Girl77 Posts: 4,340
    Thanks for everyone's advice in this thread!!! I'll be going to the shows in Toronto and Edmonton in September and this will be first trip to Canada since I was 6 years old. I was wondering if I should exchange money here in the US before the trip or when I get to Canada...
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  • 8181 Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
    Think of it this way: Is Canadian money accepted in the U.S.?


    coins are....i used to get a ton of canadian coins when i lived in Toledo. outside of border regions it's no where near as common.
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  • 8181 Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
    JaneNY wrote:
    I think it is kind of more polite to use the currency for the country you are going to.

    US cash is the currency of the world. :lol:

    I've spent plenty of US cash up there (mostly at food places), but it's been close to a decade since my last real canadian trip.
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  • WebeleafWebeleaf Posts: 34
    Exchange before you come or at least once you get here. Us Cdn's take joy in ripping you guys off for your yankee bucks.

    And watch out for folks pedaling Canadian Tire Money. :)
    Bob's Your Uncle
  • wolfbearwolfbear Posts: 3,965
    Think of it this way: Is Canadian money accepted in the U.S.?
    It is here in Bellingham, WA. Almost everywhere. However, the rates are usually not that good as it has to be programed into the cash registers and isn't usually very current...depending on how big an establishment it is. :)
    "I'd rather be with an animal." "Those that can be trusted can change their mind." "The in between is mine." "If I don't lose control, explore and not explode, a preternatural other plane with the power to maintain." "Yeh this is living." "Life is what you make it."
  • HinnHinn Posts: 1,517
    You guys are about to default. Changing money now might be good in case the USD tumbles big time. Like it's doing already.
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  • dimitrispearljamdimitrispearljam Posts: 139,721
    Hinn wrote:
    You guys are about to default. Changing money now might be good in case the USD tumbles big time. Like it's doing already.
    hmm..
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  • demetriosdemetrios Posts: 95,539
    Hinn wrote:
    You guys are about to default. Changing money now might be good in case the USD tumbles big time. Like it's doing already.

    Yep, best to do it now before it take's a dive in the day's to come.
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