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Although American money is usually accepted in Canada, visitors should exchange their funds (or travellers cheques) for Canadian dollars at any Canadian financial institution, bank, trust company, credit union, co-operative, caisse populaire or exchange booth at airports and border crossing points to receive the prevailing rate of exchange. Less favourable rates of exchange may be given by commercial establishments. Use Canadian money while travelling in Canada to avoid exchange problems.
Up to the minute world currency exchange information:
courtesy of the CNN Financial News

For a look at the history of Canadian Currency
please check the Canadian Currency Museum web site
on Canadas Digital Collections
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