Best Way to Buy Canadian Dollars
Will be travelling to Alberta and BC for 10 days Which is the best way (i.e. best rate) I can purchase Canadian Dollars with my US Dollars?
Forum Discussion
tonymull wrote:
US dollars are widely acceptable especially when the rates are as close as they are now. Kind of irritating that canadians will accept US dollars but we won't do the same for them....arrogant are we not??
Not necessarily. The dollar usually is higher than the loonie, so if one wishes to take Canadian money in the U.S., unless they do a conversion, they'll lose money from the transaction. And with the way the rates change daily, doing the conversion is hard.
So, if you come to my burger joint in Montana and try to pay for that dollar drink with a loonie, right as of today, I'll lose about 10 cents on the deal. The Canadians usually stand to gain, so of course they'll take your dollars.
