Money in Canada
I am roughing out plans for a trip from Florida to Alaska in mid 2015. What is the best way to pay your way thought Canada? Are debit cards widely accepted? Should I convert green backs into Canadian ...
Forum Discussion
oilslick wrote:
When we travel to the USA we only use a Canadian Visa that is in only US funds which I then pay for from a Canadian account in only US funds, if you come to Canada often you could do the same only in Canadian funds, no user fees or conversion charges.
That would seem to be the ideal solution. Not sure if there is enough demand for the US banks to offer a "Canadian dollar" Visa card although it may be worthwhile checking the US branches of Canadian banks (say like TD).
The other suggestion to get a better exchange rate is to have your investment person (if they have a connection to a currency trading desk at their institution) buy currency for you. I get a better conversion rate than the bank rate (by about 1 to 2%) converting C$ to US$ this way, it would be the same going from US$ to C$.
