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A bank is a federally regulated financial institution that, in general, engages in the business of taking deposits, lending, and providing other financial services. (Department of Finance, Canada)   Canada's banks provide many jobs in the country and offer clients a safe and reliable way to invest, save and borrow money and organize their financial affairs while contributing to economic growth and prosperity in the country.   Canadian Money   Canada's currency is the dollar ($). There are 100 cents in a dollar. Canadian coins include the penny (1 cent), nickel (5 cents), dime (10 cents), quarter (25 cents), a one-dollar coin known as the "loonie," and a two-dollar coin called a "toonie." The most common paper bills are $5, $10, $20 and $50.  The pictures below show Canadian coins and some paper bills.  Please visit the Currency Converter to convert your currency into Canadian Dollars.   Penny = $0.01   Nickel = $0.05   Dime = $0.10   Quarter = $0.25       Loonie = $1.00       Toonie = $2.00       Paper Bills (pictured $10 and $20)     Follow the links on the left side of your screen to find out more about Canada's banks and the banking system.