What Currency Does Canada Use?
Facts last checked 31 August 2026.
Exchange rate (approximate):
1 USD ≈ 1.4151 CAD
1 GBP ≈ 1.897 CAD
Rates are indicative (July 2026) and change daily. Always check live rates before travelling. Rates by Exchange Rate API.
Travel Money Card
Travelling to Canada? Avoid poor airport exchange rates — a prepaid travel money card or multi-currency card usually gets you a far better deal on Canadian dollar spending.
What is money called in Canada?
Money in Canada is called the Canadian dollar — its ISO 4217 currency code is CAD, and its symbol is $. The Canadian dollar is the official legal tender in Canada and is used for all everyday transactions — from paying for goods and services to converting money at banks and exchange bureaus. When travelling, you may also see it referred to as the Canada currency or simply money in Canada. The Canadian dollar is subdivided into 100 cents, though small-denomination coins may not always be in everyday circulation.
Is the Canadian dollar used anywhere else?
No — Canada is the only country on this site using the Canadian dollar as its official currency.
Practical money tips for Canada
Card payments are widely accepted in most cities, but it's still worth carrying some Canadian dollar in cash for smaller vendors, local transport and rural areas. Notify your bank before travelling to avoid transactions being blocked, and compare card fees — many cards charge a foreign transaction fee that a dedicated travel money card avoids.
Planning to visit Canada?
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Money essentials for Canada
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Canada currency — FAQ
What is the currency of Canada?
The currency of Canada is the Canadian dollar (currency code: CAD, symbol: $).
What is the currency code for Canada?
The ISO 4217 currency code for the Canadian dollar is CAD.
What is the Canadian dollar symbol?
The symbol for the Canadian dollar is $. You will see this on price tags and receipts throughout Canada.
What currency is used in Canada?
The official currency used in Canada is the Canadian dollar (CAD).
Can I use US dollars in Canada?
The official currency of Canada is the Canadian dollar, not the US dollar. While USD may be accepted in some tourist hotels and major cities, you will generally get better rates paying in Canadian dollar and should exchange money before or on arrival.
What is the exchange rate for Canada?
As of July 2026, approximately 1 USD = 1.4151 CAD and 1 GBP = 1.897 CAD. Rates change daily — always check a live source before travelling or sending money.
What is money called in Canada?
Money in Canada is called the Canadian dollar (CAD).
Do other countries use the Canadian dollar?
No — Canada is the only country on this site using the Canadian dollar as its official currency.
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