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Currency Exchange Burlington

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Today's Forex News

USD/CAD trades cautiously around 1.3850 as Trump fires Fed's Cook

The USD/CAD pair trades with caution around 1.3850 against the US Dollar (USD) on Tuesday. The Loonie pair faces slight selling pressure as United States (US) President Donald Trump has fired Federal Reserve (Fed) Governor Lisa Cook over mortgage allegations.FX Street2025-08-26

Pound to Canadian Dollar Week Ahead Forecast: Oil Prices, BoC Cut Bets to Steer CAD

Looking ahead to this new week, the Pound to Canadian Dollar exchange rate (GBP/CAD) will likely be driven by the publication of Canada's latest GDP reading, scheduled for release on Friday. The growth rate is expected to tick lower for 2025's second quarter, which could weigh on the ‘Loonie' should the data print as.ExchangeRates2025-08-26

Additional News:

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Currency Exchange Near Me


Chart below shows a list of currency exchange me when you are at near major interactions of Toronto.




Payments Accepted


Cash
Debit Card
E-transfer
Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)

How We Pay Customers

Cash
E-transfer (CAD only)
CAD or USD cheque
CAD or USD wire transfer ($35/wire)
CAD or USD direct deposit (arrive next business day)

Parking Instruction

Parking is $4 for 30 minutes. We are at L1 level

Parking Entrance at Doris & Greenfield

Foreign Exchange Reference


Currency Exchange

Currency exchange is changing one currency to another for the purpose of travel, purchase or investment. According to a study of Bank for International Settlements, daily average was more than $6 trillion trading volume. Currency Mart acts as a counter-party to an off-exchange or an over-the-counter forex transaction of cash, financial instruments, futures contracts, options on futures contracts. Currency exchange is a decentralized market and operates 24 hours per day around the globe. London, New York and Tokyo are the three major currency exchange markets and followed by cities of Hong Kong and Singapore. Decentralized market means each currency exchange broker offers its own buy in and sell out exchange rates. The rates are determined based on the demand, inventory and supply of the particular dealer and also the interbank rates at that moment. That is why exchange rates at the same moment are similar, but different broker to broker.

Currency Exchange Market of Canada

Annually, about $600 billion Canadian dollars exchanged to other currencies, over 50% is changed to US dollar and Euro dollar is the second most wanted currency. RBC is the major player in Canadian foreign exchange market. With the other four major banks, banks count 90% of market transaction volume. In addition to banks, large corporations who deal with petroleum or grains conduct massive amount of foreign exchange transactions. Licensed brokers who serve retail clients and small businesses fill up the rest of market gap.

Currency Exchange Market of Burlington

Since the city of Burlington lacks the headquarters of a nationwide company, the customers of currency exchange business are local residents, small businesses and tourists.

  • Local Residents
  • In Ontario, about 60% local residents are new immigrants of recent 20 years. Same figure applied to Burlington too. In addition, Burlington attracts more and more new immigrants every year due to the geological location and affordable housing. These new immigrant and international students bring a huge amount of capital which needs to be converted to Canadian currency.

  • Small Businesses
  • Logistics business and restaurants are 2 major customers of currency exchange business in Burlington. These 2 businesses either have customers in the United States or import goods from the United States.

  • Tourists
  • Toronto Pearson Airport is located in Burlington and the hotels surrounding the airport make Burlington the perfect choice for tourists to stay.

Exchange Amount in Burlington

The exchange amounts from a few hundreds by tourists up to 100k by small business.

Currencies Involved in Burlington

  • USD
  • EUR
  • INR

Major Currency Exchange Businesses

  • International Foreign Exchange
  • Continental Foreign Exchange
  • Kantor Foreign Exchange

Currency Exchange Rate

Exchange rate is updated every 5 minutes, 24 hours a day, 7 days per week. Each exchange rate comes with 2 expressions, which express the same rate in 2 different ways. Each expression is 4 digits accuracy.

USD CAD

USD CAD exchange is the most important trading currency pair in Canada. The particular currency pair can count up to 50% of transaction volumn for a Canadian currency exchange broker. For some province, the precentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.

Currency Exchange Burlington

A reputable currency exchange dealer is your best choice to exchange money, except those foreign exchange dealers in airports, hotel front desks and tourist hotspots.

Firstly these foreign exchange experts offer exchange rates better than banks. For a small amount exchange, not too much difference, but if the exchange amount is over thousand, the savings is more significant.

Secondly, these foreign exchange dealers keep foreign cash in stock, so customers can have foreign cash for travel right the way. On the other hand, banks and credit unions do not keep foreign cash in each branch, and take about 3 to 5 business days to bring foreign cash in.

Finally, most foreign exchange dealers take care of your leftover foreign cash by purchasing them back at the same rate as the dealers sold to you. This policy can save customers about 10% currency exchange loss.

Exchanging money at the bank is the option for a convenient and fair price.

Exchanging money at currency exchange is aiming for a better exchange rate. Please make sure you compare the exchange rate dealer by dealer before you conduct the exchange.

A currency exchange transaction can lose as little as 0.2% or as much as 4%, pending on the exchange amount.

For transaction amounts over $100,000, it is possible for customers to get an exchange rate as good as 0.2% spread. Oppositely, a $100 dollar exchange can cost customers about 4% of the exchange amount.

Historical Forex News

U.S. Dollar Gains Ground As New Home Sales Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is moving higher as forex traders buy the dip.FXEmpire2025-08-25

CAD flat vs. the USD and gaining on crosses – Scotiabank

The Canadian Dollar (CAD) is entering Monday's NA session unchanged vs. the USD as it consolidates Friday's Jackson Hole-driven gains.FX Street2025-08-25

USD/CAD Price Forecast: Faces selling pressure above 200-day EMA

The USD/CAD pair trades cautiously near Friday's low around 1.3820 during the European trading session on Monday. The Loonie pair struggles to gain ground as the US Dollar stays under pressure, following comments from Federal Reserve (Fed) Chair Jerome Powell that cooling United States (US) labor market conditions have opened the door for the resumption of the monetary expansion cycle.FX Street2025-08-25

USD/CAD hits fresh three-month highs above 1.3900, focus on Fed Powell's speech

USD/CAD remains stronger for the fourth successive session, reaching a three-month high at 1.3915 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground amid easing odds of a Federal Reserve (Fed) interest rate cut in September.FX Street2025-08-22

USD/CAD holds gains above 1.3900 with Canada's Retail Sales, Fed Powell on focus  

USD/CAD holds gains above 1.3900 with Canada's Retail Sales, Fed Powell on focus  FX Street2025-08-22

EUR/CAD Price Forecast: Showing signs of topping at 1.6190 YTD highs

The Euro is losing momentum against the Canadian Dollar on Friday. The common currency was rejected at the 1.6190 long-term highs for the second time this week, suggesting that the rally from late July highs is over, but bears should break below 1.6125 nd 1.6080 support levels to confirm a corrective reversal.FX Street2025-08-22

U.S. Dollar Dives After Powell's Dovish Comments: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Powell signaled that Fed was ready to cut rates in September.FXEmpire2025-08-22

USD/CAD slides as Powell turns dovish, Canadian Retail Sales upbeat

USD/CAD tumbles over 0.49% during the North American session as Fed Chair Jerome Powell leaned dovish and strong Canadian Retail Sales boosted the Loonie. At the time of writing, the pair trades at 1.3835 after hitting a daily high of 1.3924.FX Street2025-08-22

USD/CAD Price Forecast: Testing key resistance at the 1.3880 area  

USD/CAD Price Forecast: Testing key resistance at the 1.3880 area  FX Street2025-08-21

USD/CAD rises to fresh three-month highs near 1.3900

USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve's (Fed) Minutes for the July meeting.FX Street2025-08-20

U.S. Dollar Pulls Back As Trump Says Fed's Cook Must Resign: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Fed's Cook may be investigated for potential fraud over a pair of mortgages.FXEmpire2025-08-20

USD/CAD is pushing against multi-month highs at 1.3880  

The US Dollar extends gains against its Canadian Counterpart on Wednesday, with price action pushing against the 1.3880 level, where the pair was capped on August 1. Intra-day charts show some hesitation at current levels, but technical indicators are pointing higher, suggesting the possibility of further appreciation.FX Street2025-08-20

USD/CAD holds above 100-day SMA; looks to build on strength beyond 1.3800

The USD/CAD pair climbs back above the 1.3800 mark during the Asian session on Tuesday, though it lacks bullish conviction and remains below an over two-week high touched the previous day. Moreover, a combination of diverging forces might hold back traders from positioning for any meaningful appreciating move for spot prices.FX Street2025-08-19

U.S. Dollar Gains Ground As Housing Starts Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is moving higher despite falling Treasury yields.FXEmpire2025-08-19

USD/CAD rebound extends beyond key trend line – Société Générale

USD/CAD has reinforced its recovery after bottoming near 1.3535 in June, breaking above a multi-month trend line and the 50-day average. With the MACD back in positive territory and short-term support at 1.3700, the pair is positioned to test higher levels toward 1.3910 and the May peak near 1.4000/35, Société Générale's FX analysts note.FX Street2025-08-19

Pound Canadian Dollar Week Ahead Forecast: GBP Price at Six-Week Best on BoE Bets

Looking forward, this week brings the latest consumer price indexes from both Canada and the UK. First up, Canada's CPI on Tuesday is forecast to show that inflation edged slightly higher in July, from 1.9% to 2%.ExchangeRates2025-08-18

EUR/CAD corrects to near 1.6100 as Euro underperforms across the board

The EUR/CAD pair retraces to near the round-level figure of 1.6100 during Monday's European trading session after posting a fresh seven-year high around 1.6187 in early Asian trading hours. The pair corrects as the Euro (EUR) underperforms its peers, with investors awaiting the meeting between United States (US) President Donald Trump, Ukrainian President Volodymyr Zelenskyy, and a few NATO members at the White House during the day.FX Street2025-08-18

USD/CAD tests levels below 1.3800 with geopolitics in focus

The Canadian Dollar is going through a mild pickup for the second consecutive day against the US Dollar, bringing the USD/CAD pair to test levels below 1.3800 round level. Markets are choppy on Monday with all eyes on a Trump-Zelensky meeting, which is likely to show significant differences on the conditions for a peace deal in Ukraine.FX Street2025-08-18

U.S. Dollar Retreats As Michigan Consumer Sentiment Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is losing ground as traders react to the weaker-than-expected Consumer Sentiment data.FXEmpire2025-08-15

USD/CAD pulls back below 1.3800 ahead of US retail Sales data

USD/CAD pulls back below 1.3800 ahead of US retail Sales dataFX Street2025-08-15

USD/CAD struggles near 1.3750 as Fed rate cut bets, Oil supports Canadian Dollar

USD/CAD remains subdued for the third successive day, trading around 1.3760 during the Asian hours on Thursday. The pair struggles as the US Dollar (USD) loses ground amid rising odds of further rate cuts by the US Federal Reserve (Fed).FX Street2025-08-14

U.S. Dollar Rallies As PPI Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency gained upside momentum as traders reduced bets on dovish Fed.FXEmpire2025-08-14

USD/CAD bounces up to 1.3780 amid a moderate US Dollar recovery

The Canadian Dollar is trading lower against its US peer on Thursday. The US Dollar has shrugged off investors' hopes of Fed easing and Treasury Secretary Bessent's pressure on the US Central bank and is featuring a moderate recovery ahead of the US PPI data release.FX Street2025-08-14

USD/CAD remains limited below 1.3800, Loonie lacks bullish momentum

The Canadian Dollar is drawing some support from the generalised US Dollar weakness, as the moderate US inflation figures seen on Tuesday boosted expectations of Fed monetary easing in September. The pair, however, remains within previous ranges, as the Loonie lacks upside momentum.FX Street2025-08-13

U.S. Dollar Retreats As Bessent Says Fed Should Cut Rates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders believe that Fed will cut rates at the next meeting in September.FXEmpire2025-08-13

USD/CAD hovers below 1.3800 amid improved Oil prices ahead of US inflation data

USD/CAD stays silent after registering gains in the previous three consecutive days, trading around 1.3780 during the Asian hours on Tuesday. The pair may face challenges as the commodity-linked Canadian Dollar (CAD) receives support from improved crude Oil prices.FX Street2025-08-12

EUR/CAD Price Forecast: Wobbles above 1.6000 ahead of Eurozone ZEW Survey data

The EUR/CAD pair trades in a tight range around 1.6020 during the late Asian trading session on Tuesday. The pair consolidates ahead of the Eurozone EW Survey – Economic Sentiment data for August, which will be published at 09:00 GMT.FX Street2025-08-12

U.S. Dollar Retreats As Inflation Rate Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is under pressure as Inflation Rate remained unchanged at 2.7% in July.FXEmpire2025-08-12

CAD holds range below USD resistance in the low 1.38s – Scotiabank

The Canadian Dollar (CAD) is little changed in quiet trade as markets await US data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.FX Street2025-08-12

USD/CAD crawls higher, approaches 1.3800 ahead of the US CPI release

The Canadian Dollar remains on its back foot against a slightly firmer US Dollar, weighed by the low Oil, which keeps the USD/CAD pair on track for a four-day winning streak, with all eyes on the US CPI reportFX Street2025-08-12

GBP/CAD rising towards 1.8830 as UK jobs and GDP awaited

GBP/CAD built on last week's strong rebound as trading opened this week, with technical signals pointing to a retest of the recent high at 1.8830 as next step. The near-term direction will hinge partly on UK data, with employment figures due Tuesday and June GDP on Thursday.Action Forex2025-08-11

U.S. Dollar Gains Ground Ahead Of CPI Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is moving higher as traders prepare for CPI data, which will be released tomorrow.FXEmpire2025-08-11

USD/CAD Price Forecast: Stabilizes above 20-day EMA around 1.3770

The USD/CAD pair trades marginally higher around 1.3770 during the European trading session on Monday. The Loonie pair ticks up, while the US Dollar (USD) trades sideways, with investors awaiting the announcement of the United States (US) Consumer Price Index (CPI) data for July, which will be published on Tuesday.FX Street2025-08-11

Pound to Canadian Dollar Rate Week Ahead: UK GDP, Jobs Data, BoC Minutes

The Pound to Canadian Dollar (GBP/CAD) exchange rate extended its rally last week, fuelled by a surprisingly hawkish tone from the Bank of England's (BoE) latest policy decision. Sterling's gains came as oil price weakness dragged on the Canadian Dollar, setting the stage for another potentially volatile week in the currency pair.ExchangeRates2025-08-11

Pound Canadian Dollar Exchange Rate Forecast: GBP/CAD Hits Fresh One-Month Best

On Tuesday, attention turns to the UK's latest labour market data, a release that could prove pivotal for Sterling. The health of the jobs market remains a crucial factor for the Bank of England's policy outlook.ExchangeRates2025-08-11