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Money

Canadian Currency

The basic unit of Canadian money is the dollar, a unit found in both coins and paper. Paper money is in units of $5, $10, $20, $50, $100 and larger bills. Each bill is clearly marked in numbers and words in both French and English with a distinctive colour to aid in identification.

Each coin has its value clearly marked. There are both $1 and $2 coins. The $1 coin is gold in colour and has a picture of a Loon (bird). This coin is often referred to as a "Looney". The $2 coin is silver in colour with a gold coloured center. This coin is often referred to as a "Tooney".

The remainder of the coins is in units of "cents". 100 cents is equal to $1. Each coin is a different size in amounts of 1 cent, 5 cents, 10 cents, and 25 cents.

Canadian currency is the only legal tender that will be accepted in stores, restaurants, and other businesses. Some establishments will accept American currency, particularly in tourist season, however they usually offer an exchange rate significantly lower than the banks.