In many places in Canada, especially in border towns and popular tourist destinations, American dollars may be accepted at the discretion of individual businesses. However, the exchange rate offered by these businesses may not be favorable, as they often set their own rates and may charge a service fee. Moreover, you should not expect that all establishments will accept US currency. Some smaller businesses, particularly in less tourist-frequented areas, may only accept Canadian dollars.
For these reasons, it’s typically best to convert some amount of your money to Canadian dollars when traveling to Canada. You can do this at a bank or a currency exchange service, often available at airports and major city centers.
Remember to also consider digital payment methods. Credit and debit cards are widely accepted across Canada, and these often offer competitive exchange rates. However, foreign transaction fees may apply depending on your bank or card issuer.
As a traveler, it’s important to research and plan ahead to understand the payment customs of your destination.