Money

DESTINATIONS Quebec money-71

TRAVEL TIPS

Money

Throughout this book, prices are given in Canadian dollars, which at this writing are worth roughly 80¢ to the American dollar. The price of a cup of coffee ranges from C$1 to C$2.50 or more, depending on how upscale or downscale the place is; beer costs C$3 to C$7 in a bar; a smoked-meat sandwich costs about C$8 to C$10; and museum admission can cost anywhere from nothing to C$20.

Prices are given for adults. Substantially reduced fees are almost always available for children, students, and senior citizens.

ATMs and Banks

Your own bank will probably charge a fee for using ATMs abroad; the foreign bank you use may also charge a fee. Nevertheless, you'll usually get a better rate of exchange at an ATM than you will at a currency-exchange office or even when changing money in a bank. And extracting funds as you need them is a safer option than carrying around a large amount of cash.

ATMs are available in most bank, trust-company, and credit-union branches across the province, as well as in most convenience stores, malls, and self-serve gas stations.

Credit Cards

It's a good idea to inform your credit-card company before you travel, especially if you're going abroad and don't travel internationally very often. Otherwise, the credit-card company might put a hold on your card owing to unusual activity—not a good thing halfway through your trip. Record all your credit-card numbers—as well as the phone numbers to call if your cards are lost or stolen—in a safe place, so you're prepared should something go wrong. Both MasterCard and Visa have general numbers you can call (collect if you're abroad) if your card is lost, but you're better off calling the number of your issuing bank, since MasterCard and Visa usually just transfer you to your bank; your bank's number is usually printed on your card.

If you plan to use your credit card for cash advances, you'll need to apply for a PIN at least two weeks before your trip. Although it's usually cheaper (and safer) to use a credit card abroad for large purchases (so you can cancel payments or be reimbursed if there's a problem), note that some credit-card companies and the banks that issue them add substantial percentages to all foreign transactions, whether they're in a foreign currency or not. Check on these fees before leaving home, so there won't be any surprises when you get the bill.

Reporting Lost Cards

American Express. 800/528–4800; 800/668–2639; www.americanexpress.com.

Diners Club. 800/234–6377; 800/363–3333; www.dinersclub.com.

MasterCard. 800/627–8372; 800/307–7309; www.mastercard.com.

Visa. 800/847–2911; www.visa.com.

Currency and Exchange

U.S. dollars are accepted in much of Canada, especially in communities near the border. Traveler's checks (some are available in Canadian dollars) and major U.S. credit cards are accepted in most areas.

The units of currency in Canada are the Canadian dollar (C$) and the cent, in almost the same denominations as U.S. currency ($5, $10, $20, 5¢, 10¢, 25¢, etc.). The $1 and $2 bill are no longer used in Canada; they have been replaced by $1 and $2 coins (known as "loonies," because of the loon that appears on the coin, and "toonies," respectively).

At this writing, the exchange rate is US$1 to C80¢.

Bank cards are widely accepted in Québec and throughout Canada. There are many branches of Québec's financial cooperative, La Caisse populaire Desjardins (a "Caisse Pop" as it's locally referred to), as well as bank machines (ATMs), throughout the region.

Currency Conversion

Google. www.google.com.

Oanda.com. www.oanda.com.

XE.com. www.xe.com.

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