Sunday, October 16, 2011

Money Exchange for Canada -Services - Money

http://travel-t-o-canada.blogspot.com/2011/10/money-exchange-for-canada-services.html
Money Exchange for Canada -Services - Money
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Currency information:

Canadian Dollar (CAD; symbol C$) = 100 cents. Notes are in denominations of C$100, 50, 20, 10 and 5. Coins are in denominations of C$2 and 1, and 25, 10, 5 and 1 cents.
Credit cards:

Major credit cards are widely accepted. Use of debit cards is widespread, although many stores impose a $5 to $20 minimum per debit card purchase, and service charges may apply. ATMs are easy to find in populated areas but are less common in remote areas such as rural areas of the Northwest Territories, Nunavut and Labrador. Use a machine affiliated with a major bank to reduce service charges; independent machines in locations such as casinos and convenience stores may carry high charges.
ATM:

ATMs are easy to find in populated areas but are less common in remote areas such as rural areas of the Northwest Territories, Nunavut and Labrador.
Travellers cheques:

To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Canadian Dollars; these are negotiable primarily in banks, hotels and tourist facilities. Their use has declined somewhat in recent years as more visitors rely on ATM cards, but travellers should bring at least some emergency currency in traveller's cheques in case their ATM cards do not work.
Banking hours:

Generally, Mon-Fri 0930-1600/1700 with extended hours in some locations, particularly on Thursday and Friday evenings.
Currency restriction:

There are no restrictions on the import or export of local or foreign currency however amounts equal or greater than CA$10,000 should be declared.