Costs in Canada
There is another post in this section where FullTimeDaniel said----- As many have said virtually everything is unnecessarily expensive in Canada especially Gas-fuel, food and beer-wine. I wou...
Forum Discussion
One if you have $100 US Dollars as of today 2/23/17 that is ONLY worth $124 Canadian Dollars NOT 130 the OP Claimed.
Well, yes and no. If you go on OANDA (used by industry) the exchange is 1.31 or $131 CAD for $100 USD, so the assertion that it's "worth" is $130 is correct. The Bank of Canada website also confirms this. However, this is NOT the rate one generally gets when exchanging cash at a bank, store or ATM. ALL institutions that exchange funds, banks included, charge fees to do the exchange. This is why it appears the actual rate is much less.
Well, yes and no. If you go on OANDA (used by industry) the exchange is 1.31 or $131 CAD for $100 USD, so the assertion that it's "worth" is $130 is correct. The Bank of Canada website also confirms this. However, this is NOT the rate one generally gets when exchanging cash at a bank, store or ATM. ALL institutions that exchange funds, banks included, charge fees to do the exchange. This is why it appears the actual rate is much less.
