Skip to main content

Featured

Alberta Voters Reject Push for Separation Referendum

  Alberta voters have delivered a clear message: the province should  remain part of Canada. Early results from Monday’s referendum show about 76% supported remaining in Canada, while roughly 23% backed starting a legal process that could lead to a future vote on separation. The vote was not a direct decision on whether Alberta should become an independent country. Instead, voters were asked whether Alberta should remain a Canadian province or begin the constitutional process required to hold a binding referendum on separation. What the Results Mean The result is a setback for Alberta’s separatist movement and a boost for supporters of Canadian unity, including Prime Minister Mark Carney. Alberta Premier Danielle Smith had called the referendum amid pressure from separatist advocates, although she has said she supports Alberta remaining in Canada. The result is still unofficial. Elections Alberta is continuing its verification process, with the official announcement scheduled...
Post a Comment
Read more

article

Labels

The Best Ways to Buy Foreign Currency for Travelling Abroad

The Best Ways to Buy Foreign Currency for Travelling Abroad



When travelling abroad, there are several ways to buy foreign currency. Here are some of the best ways:

  1. Credit cards: Use a major international credit card for your big purchases, such as your airplane tickets, hotel bills, and car rentals. Make sure you have a card that doesn’t charge foreign transaction fees.

  2. Debit cards: Always use bank-affiliated ATMs when you are outside Canada. Check if your financial institution has any partnerships with banks in the country you are visiting to avoid ATM fees.

  3. Pre-paid cards: Some financial institutions offer pre-paid travel cards that can be loaded with foreign currency before you leave Canada. These cards can be used like a debit card at ATMs and for purchases.

  4. Cash: Check with the embassy or consulate in Canada of the country you are planning to visit to make sure you are allowed to import or export its currency. If you are permitted to import its currency, bring enough cash to get by for a couple of days and keep it in a money belt or in several different pockets in case your wallet is lost or stolen or your financial institution accidentally freezes your cards. When you arrive at your destination, you can withdraw more cash from an ATM.

  5. Exchange desks: If you need cash in an emergency, there are foreign exchange desks at airports and hotels that will exchange Canadian money for the local currency. Fees tend to be very high.

  6. Black market: The currency black market forms part of the underground economy in a number of countries. In a currency black market, transactions are almost always in cash since its participants don’t want to leave any evidence. This illegal or parallel market in foreign exchange operates outside legal banking channels. If you are tempted to take advantage of the currency black market, be aware that you will be breaking the country’s laws and could be arrested and imprisoned.

  7. Scams: Be aware of anyone approaching you on the street offering to exchange your money for a much better rate than a bank. Typical money exchange scams include stealing your money in the process of counting and recounting a pile of bills or mixing your money with currency from another country with a much lower exchange rate 

Labels:

Comments

Post a Comment