US/CDN equality

I called my credit union today to ask them about their policy for exchange rates and fees on my credit and ATM cards for Canada (I’ll be traveling there tomorrow through July 8). Their policy is the same it was last summer, when I went to Vancouver — 1% surcharge, market-rate exchange, and extra ATM surcharge.

The 1% surcharge is annoying and quite honestly makes me want to switch credit unions because I know not all of them do that. It’s also funny because according to the currency converters I consulted, currently:

$1.00 USA = $1.01 CDN

So once the 1% surcharge is taken, I end up with almost exactly 1:1. In a way, that’s incredibly convenient!

And the average cost of gas in Toronto is $5.10/gal (though they usually measure it in cents per liter, which is a funny unit). Yiiiiiiiikes. (I won’t be driving in Toronto, but I have a side trip to make that nearly requires driving.)

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