It’s not surprising that Canada has its own currency, but there are still some things about Canadian money that may surprise you.
First, it is very colourful. We have bills for $5, $10, $20, $50, and $100, and each is a different colour! This makes it easy to tell how much each bill is, and it’s also beautiful.
As for coins, we have 5ȼ, 10ȼ, 25ȼ, $1, and $2. In the past, we used to have 1ȼ, but we don’t anymore. Now when you pay in cash, the price is rounded to the nearest 5ȼ, but when you pay with card, it’s not so that you don’t have to use 1ȼ coins.
An interesting thing about Canadian coins is that they have nicknames! Our $1 coin is called a “loonie,” and our $2 coin is called a “toonie.” Do you know why?
It’s because on one side of the loonie, we have the Queen’s head, and on the other side, there is a bird. This bird is called a loon, so we nicknamed our coin the loonie! A toonie is “two-loonies!” So cool right? If you say loonie and toonie, you’ll sound just like a Canadian!
In Canada, you can use cash or a credit or debit card wherever you go. Some Canadians carry cash all the time, but others don’t, that’s why in restaurants and stores, you can pay with cash or card. There are only a few times where it will be cash only. For example, you need cash/coins to ride the bus, unless you buy a Compass card.
For Canadian money, I recommend having cash, so you can see how beautiful our money is, but if you don’t, it’s completely fine to use a credit card.