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Currency Exchange Thompson - FAQ

Currency exchange in Thompson is limit to banks or credit unions, kiosks and dealers. Shopping around for currency exchange service if the exchange amount is over $500 Canadain for most customers. Make sure to compare rate at the same time, ask fee structure beside exchange and inquire about time frame to settle the fund.

Each currency exchange dealers, which include banks, credit unions and other dealers, offer similar but different rate. The difference is getting more significantly, when the exchange amount is getter larger, such as over $10,000 Canadian dollar. Shop around is still the best way to get the best currency exchange rate. Please make sure when you compare the rate, ask when the money will be available, what is other fees. The general idea is the more convenient locaiton, the worse rate applied.

Thompson (population 13,678) is the largest city in the Northern Region of Manitoba and is situated along the Burntwood River, 761 kilometers (473 miles) north of Winnipeg. Originally founded in 1956 as a mining town, Thompson now primarily serves as the "Hub of the North", providing goods and services (e.g., healthcare, retail trade) to the surrounding communities. Thompson's trade area is larger than New Mexico yet contains just over 50,000 residents, with many of the smaller communities accessible only by air or winter road. Despite Thompson's isolated location in the heart of Canada's boreal forest, Thompson is directly connected to Winnipeg via paved highway, railroad (VIA Rail), and Thompson Airport. Thompson also has modern amenities (e.g., fiber optic internet) and a large retail scene, including half a dozen shopping malls and several large chain stores (e.g., Wal-Mart, Giant Tiger, Safeway, Shoppers Drug Mart, Canadian Tire). Thompson's natural and undisturbed surroundings makes it a popular community with outdoor enthusiasts:[5] the largest marina in Manitoba ("the land of 100,000 lakes") is located just 38 km (24 mi) south in Paint Lake Provincial Park, hundreds of kilometers of snowmobile trails are maintained by the Thompson Trailbreakers, and the lack of light pollution and Thompson's northern latitude allows for occasional viewing of the northern lights (even within the city limits).

The Thompson area was first inhabited by nomadic Paleo-Indian hunters around 6000 BC, sometime after the collapse of the Laurentide Ice Sheet. For a 10-year period beginning in 1946, Inco Limited explored northern Manitoba for nickel deposits; on February 4, 1956, a major ore body was discovered, and the modern history of Thompson began. Thompson, named after Inco's chairman at the time, Dr. John F. Thompson (1881 - 1968),[7] was founded following the December 3, 1956 agreement between the Government of Manitoba and Inco Limited. On March 25, 1961, Inco formally opened the first integrated nickel mining-smelting-refining plant in the Western Hemisphere (in Thompson) and the second largest nickel-producing operation in the world (after Inco's Sudbury operations). Thompson was incorporated as a town in 1967 on Canada's Centennial Anniversary; in 1970 Thompson gained city status in the royal presence of Queen Elizabeth II. The community was initially planned for a population of 8000,[6] but Thompson grew rapidly to 19,001 residents by the 1971 Census; the population has even been estimated as high as 26,000 residents prior to the recession in 1971.[9] Major layoffs at Inco Limited in 1971 and 1977 led to Thompson's population declining to 14,288 by the 1981 Census. Thompson's rapid boom and bust was attributed to changes in the nickel market; during the 1960s, following large increases in the demand for nickel, 6 additional mines (Birchtree, Soab North, Soab South, Pipe Number 1, Pipe Number 2, and Pipe Open Pit) were constructed near Thompson.[10] After the Soviet Union gained access to the world nickel market in 1970, world supply of nickel exceeded world demand;[8] in response, four nickel mines (Soab North, Soab South, Pipe Number 1, and Pipe Number 2) were closed in 1971 and 30% of Inco's workforce in Thompson was laid off.[11] In 1977, when nickel prices declined substantially, a fifth mine (Birchtree) was put on care and maintenance and an additional 650 Inco employees in Thompson were laid off.

The economy of Thompson is centered around nickel mining and providing goods and services to the surrounding communities in both Census Division No. 22 (in which Thompson is located) and Census Division No. 23; these two Census Divisions have a combined population of 51,136, which includes over 38,000 First Nations people.[17] Thompson is by far the largest community in either of these Census Divisions, with the next largest community being Norway House Cree Nation (population 4927). As is common in resource-based communities, Thompson has experienced above-average employment income and significant swings in mining-sector employment throughout its history. The median employment income in 2015 for full-year full-time workers in Thompson was $65,262; this was 22% higher than the Canadian median of $53,431. Thompson's unemployment rate in 2016 was 7.6%, slightly below the Canadian average of 7.7%.[17]As of the 2016 Census, Thompson had 7065 employed persons, with the five largest sectors of the economy being:[18]