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Country Guide > North America > Canada


Money

Currency
Canadian Dollar (C$) = 100 cents. Notes are in denominations of C$1000, 100, 50, 20, 10 and 5. Coins are in denominations of C$2 and 1, and 50, 25, 10, 5 and 1 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
The following figures are included as a guide to the movements of the Canadian Dollar against Sterling and the US Dollar:
DateMay '04Aug '04Nov '04Feb '05
1.00 =2.472.412.422.33
$1.00 =1.381.311.311.23


Banking hours
Mon-Wed and Fri 1000-1500, Thurs 0800-2100 (most banks). 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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