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Where is American money used in Canada?

In addition, there are many other scenarios where American money is used in Canada. For example, it is very common for gift shops, restaurants, and hotels to take US dollars. Large corporate deals also are usually done in U.S dollars but reported in both currencies in the media.

Is it better to exchange US dollars for Canadian dollars?

While the answer is yes (sometimes), you might be better off exchanging your US dollars for Canadian dollars at American institutions or banks for non-residents. We’ll explain our reasons why this might be a better option below. Plus, we’ll share everything you need to know about bringing money into Canada.

Can I use American cash in Canada?

Though you shouldn't have an issue using American cash at most major retailers and tourist destinations in Canada, keep in mind that Canadian retailers are free to set their own exchange rate between Canadian and U.S. currency, and they'll most likely do so in a way that's unfavorable to the customer.

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