Why won't the US accept Canadian currency?

Question

There have been reports that some stores over in the US won't accept our money now, and I wanna know is it because ours is worth more now and their just upset or if it's something else?!

Answer 1

Some places close to the border will accept Canadian currency, but be careful, because they are not obligated to update their currency exchange rate daily...or even weekly...so while our dollar is worth a lot right now, they may have very old exchange rates and you'll get short changed.

A LOT of places in Canada won't accept US funds either...use the local currency. It's much easier. Exchange your funds at home before you go, or just use your credit card - credit cards give the most up to date currency exchange rates.

Answer 2

No, out here in SoCal it's not accepted at all anymore, but way back in prehistory when I was a kid most stores would take it. I know that when I lived in Michigan a long time back Canadian coinage was common but have no idea if this is still the case.

Answer 3

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Answer 4

Some stores do, just as some Canadian stores accept US dollars. However, the exchange rate usually isn't very favorable.

Answer 5

I guess tony r has not realized that the US dollar hS NOT been worth more than the canadian dollar for quite some time !
Reason is Americans are so into themselves !
First I never thought we should except their currency period .
THeir always upset when their not on top ...as the way they feel ...though their currency internationally has never been the highest and they still won't except any currency higher in vslue than thiers not just the canadian dollar

Answer 6

Foreign countries like the USA are not obligated to accept Canadian currency. Some US stores do this as a courtesy to tourists and cross-border shoppers. In some cases, they actually lose money on a sale by accepting $CAD, because their bank will charge them a fee to convert the Canadian funds to US currency.

Put yourself in their shoes: If you paid for your groceries at the store and the store owner decided to give you your change in Mexican Pesos or British Pounds because he "didn't have time to get to a bank today", would you complain?

Answer 7

Well, that is bad business. If the store is close to the border and routinely gets Canadian money then it is good business to accept it. However, that may depend on what it takes to deposit Canadian money or to get it changed to US currency.

Answer 8

I bet if you pointed a gun at them and told them they had to take your money they would. It shouldn't be too hard to find a gun you are in the states. Just walk up to anyone on the street and offer them money for there gun. Everyone in the states has a gun. If the person on the street wont take Canadian money either than just steal one from a 3 year old because all kids in the states recieve a gun for thier third b-day.

Answer 9

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Answer 10

because in the US they have american money and in canada they have canadian money so they dont need to accept other forms of money
it like asking why the US doesnt accept chiniese or korean money
and it depends on where you go.
near the border, like in vermont, they accept canadian