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As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
#289071
09/26/2022 05:37 PM
09/26/2022 05:37 PM
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Joined: Sep 2021
Posts: 342 Ontario Canada
Dr Phil SXM
OP
Traveler
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OP
Traveler
Joined: Sep 2021
Posts: 342
Ontario Canada
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Finally, as of Oct 1 2022, SXM to Canada. 🇨🇦 No more Covid-19 travel restrictions . ArriveCan App not necessary No mandatory masks on planes or at airports No random covid-19 testing upon arrival at border No quarantines No required proof of Covid-19 vaccination upon entry This will make traveling back and forth to SXM much easier. Drphilsxm https://beta.ctvnews.ca/national/politics/2022/9/26/1_6084119.amp.html
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: CaribbeanCanadians]
#289078
09/26/2022 06:45 PM
09/26/2022 06:45 PM
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Joined: Mar 2020
Posts: 808 Ontario Canada
Whale Tail
Traveler
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Traveler
Joined: Mar 2020
Posts: 808
Ontario Canada
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We heard the news today, fantastic, way less stress. We are booked for eight weeks from mid December to mid February. Now, if our CAD would go back up. Oh ya that CDN $ situation is the worst now than last year. We are approaching 50 cents on the US dollar. So that resort rate of say $10,000 is actually $20,000 CDN. OUCH.
Last edited by Whale Tail; 09/26/2022 06:46 PM.
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: SXMScubaman]
#289082
09/26/2022 08:34 PM
09/26/2022 08:34 PM
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Joined: Mar 2020
Posts: 808 Ontario Canada
Whale Tail
Traveler
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Traveler
Joined: Mar 2020
Posts: 808
Ontario Canada
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Good for us.👍But I don't think its at that rate. More like around 70%. Not so Scubaman. The rate today was $1US = $1.37CDN which means our dollar is worth .63 cents US. But that is Prime Rate that the banks pay to exchange currency with the Bank of Canada But when it comes to us regular folks to exchange currency with our banks or currency exchange companies, they add up to 10% for their service which means I'm getting 53 cents on the dollar today. So, if you're willing to exchange some of your US dollars at 70% we need to talk
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: SXMScubaman]
#289085
09/26/2022 09:34 PM
09/26/2022 09:34 PM
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Joined: Mar 2020
Posts: 808 Ontario Canada
Whale Tail
Traveler
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Traveler
Joined: Mar 2020
Posts: 808
Ontario Canada
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Best to use your credit cards for best rate. Nope Scuba that doesn't work either. If you use a CDN credit card on island you are charged the current exchange rate plus 3/4% for this service so it is better to have US account here to draw on and at least save 3/4%.
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: Whale Tail]
#289089
09/26/2022 11:47 PM
09/26/2022 11:47 PM
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Joined: Nov 2009
Posts: 965
CrazyCanuxx
Traveler
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Traveler
Joined: Nov 2009
Posts: 965
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Best to use your credit cards for best rate. Nope Scuba that doesn't work either. If you use a CDN credit card on island you are charged the current exchange rate plus 3/4% for this service so it is better to have US account here to draw on and at least save 3/4%. Yes Scuba, we do have no fee cards. So there are two options to Canadians. And many credit cards (I have three both MC and Visa) charge their current exchange rate plus 2.5% on usd . We do have usd dollar credit cards such as at TD bank, etc. https://www.td.com/ca/en/personal-banking/products/credit-cards/us-dollar/us-dollar-visa-card/ (39$ usd per year) TD U.S. Dollar Visa* Card Make purchases in U.S. Dollars without credit card foreign currency conversion fees Either way, we are at the losing end, but we are a modern society with modern solutions... for those of us with google and time on our hands.
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: CrazyCanuxx]
#289090
09/27/2022 07:19 AM
09/27/2022 07:19 AM
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Joined: Jan 2004
Posts: 869 Mississauga, ON, Canada
Southshore
Traveler
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Traveler
Joined: Jan 2004
Posts: 869
Mississauga, ON, Canada
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Just in case you plan to carry US cash with you to SXM, get it from an ATM machine rather than over the counter. Most banks - I know mine does - give a more favorable rate at the ATM because they don't have to handle it "in person". Or ask a bank employee/retiree to buy it or you - we get a break on the rates.
Last edited by Southshore; 09/27/2022 07:21 AM.
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: Whale Tail]
#289095
09/27/2022 11:24 AM
09/27/2022 11:24 AM
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Joined: Jul 2012
Posts: 288 Edam, Saskatchewan - Canada
PrairieGirl
Traveler
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Traveler
Joined: Jul 2012
Posts: 288
Edam, Saskatchewan - Canada
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Good for us.👍But I don't think its at that rate. More like around 70%. Not so Scubaman. The rate today was $1US = $1.37CDN which means our dollar is worth .63 cents US. Whale Tail, you are making a very common mistake here when it comes to calculating currency exchange. Many people think this way - "oh, it costs $1.20cdn to buy a us $ so the rate is 80 cents, if it's $1.37 it's 63 cents, etc" where they simply subtract the extra amount from $1.00 and call it the rate. The proper conversion is to DIVIDE us/cdn as in $1.00/$1.37 = .7299 or 73 cents, $1.00/1.20 = .8333 or 83 cents, etc. If you still are unsure, remember that math ALWAYS works both ways. The reverse is to MULTIPLY cdn x us. So at a 73 cent dollar, it takes $1.37 cdn to = $1 us ( $1.37 x .73 = $1.00) So while the exchange rate is getting worse for us Canuks, it's not quite a bad as you think (thank goodness!)
LeAnn url=https://www.tickerfactory.com] [/url]
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: PrairieGirl]
#289098
09/27/2022 02:24 PM
09/27/2022 02:24 PM
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Joined: Sep 2017
Posts: 246 Toronto, Canada
CanuckTravlr
Traveler
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Traveler
Joined: Sep 2017
Posts: 246
Toronto, Canada
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@PrairieGirl This is where I wish there was a "like" button. Thank you for that explanation. I agree that it's a very common error, and you just saved me the time from drafting my own response!! Unfortunately, as you say, it will definitely cost more this year for all of us Canucks to stay in SXM or anywhere else that US dollars are used!!
Last edited by CanuckTravlr; 09/27/2022 02:25 PM.
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: Dr Phil SXM]
#289104
09/27/2022 03:26 PM
09/27/2022 03:26 PM
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Joined: May 2006
Posts: 552 Edmonton, Alberta, Canada
KGB
Traveler
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Traveler
Joined: May 2006
Posts: 552
Edmonton, Alberta, Canada
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Oh guys- multiply or divide- we are getting screwed here in Canada, lol! I remember 2007-2008 when the loonie was at par with the green buck! I felt like a king, lol! Ok now back to the grind to make some money…
"Often Wrong, Never in Doubt"
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: Dr Phil SXM]
#289105
09/27/2022 06:51 PM
09/27/2022 06:51 PM
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Joined: Jul 2012
Posts: 288 Edam, Saskatchewan - Canada
PrairieGirl
Traveler
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Traveler
Joined: Jul 2012
Posts: 288
Edam, Saskatchewan - Canada
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@Whale Tail - the Cdn $ has taken a substantial hit in the last two days, but you can do much better than that CIBC rate! At any financial institution, the over the counter rate is always inflated because there is a risk element between when they exchange the $$ for you and then for themselves. And of course labour expense and a profit element.
My credit union has an online buy/sell platform through Concentra Financial where you do everything yourself electronically in real time. I just checked the spot rate minutes ago on $10,000 usd. It was 1.3769 or .7262 so very little markup.
If you regularly deal in FX, you should see if you can get registered with someone's version of an online trading platform!
Last edited by PrairieGirl; 09/27/2022 06:51 PM.
LeAnn url=https://www.tickerfactory.com] [/url]
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Re: As of Oct 1 2022 - Canada dropping all Covid-19 border restrictions
[Re: SXMScubaman]
#289108
09/27/2022 09:25 PM
09/27/2022 09:25 PM
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Joined: Mar 2001
Posts: 17,526 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,526
Ohio
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And a good place to end this and get back on track.
J.D.
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