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Canadian dollar
Canada officially uses the Canadian dollar as the local currency. 1 dollar is divided into 100 cents.
Currency regime
Canada is a member of the North American Free Trade Association (NAFTA). The US economy trends also have a strong influence on the Canadian economy. The Canadian dollar is not, however, linked to the US dollar and the currency floats freely against major currencies.
Commercial rates
As at February 3 2006, the Canadian dollar was trading around 1.146 against the US dollar, 1.383 against the Euro and 2.035 against Sterling.
Tourist rates
On February 3 2006 the Canadian currency was valued at around 1.97 against Sterling. For 1 UK pound you will, therefore, receive around 1.97 Canadian dollars.
Travellers cheques should be taken in Canadian dollars
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