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Currency Exchange Burlington

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Today's Forex News

USD/CAD moves toward multi-year highs above 1.4400 due to risk aversion, lower Oil prices

USD/CAD retraces its recent losses and edges higher toward 1.4467, the highest level not seen since March 2020, which was recorded in the previous session. The pair trades near 1.4410 during the Asian hours on Friday.FX Street2024-12-20

USD/CAD fails at 1.4435 and pulls back below 1.4400 weighed by a softer US Dollar

USD/CAD fails at 1.4435 and pulls back below 1.4400 weighed by a softer US DollarFX Street2024-12-20

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

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E-transfer (CAD only)
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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

USD/CAD Price Forecast: Moves away from multi-year peak, slips below 1.4400 mark

The USD/CAD pair extends its steady intraday retracement slide from the highest level since March 2020 and drops back closer to the 1.4400 mark during the first half of the European session on Thursday. The uptick could be attributed to some profit-taking amid the overbought conditions on the daily chart, though the fundamental backdrop seems tilted firmly in favor of bulls.FX Street2024-12-19

U.S. Dollar Gains Ground As GDP Growth Rate Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar continues to move higher as traders react to strong economic data.FXEmpire2024-12-19

USD/CAD slumps below 1.4400 as USD takes breather after a sharp run-up

The USD/CAD pair falls sharply to near 1.4360 in Thursday's North American session after posting a fresh more than four-year high at 1.4467. The Loonie pair slumps as the US Dollar (USD) bulls take a breather after a stalwart rally.FX Street2024-12-19

USD/CAD marks fresh multi-year highs near 1.4350, awaits Fed's guidance

USD/CAD extends its winning streak for the fifth consecutive day, trading around 1.4320 during the Asian hours on Wednesday. This upside could be attributed to the tepid Canadian Dollar (CAD) following dovish remarks from the Bank of Canada (BoC) Governor Tiff Macklem.FX Street2024-12-18

USD/CAD Price Forecast: Refreshes multi-year high above 1.4300

The USD/CAD pair posts a fresh more than four-year high around 1.4330 on Wednesday. The Loonie pair extends Tuesday's rally on Wednesday, which was prompted by softer-than-expected Canadian Consumer Price Index (CPI) data for November.FX Street2024-12-18

Pound to Canadian Dollar Rate: GBP/CAD Climbs following Mixed Economic Releases

The Pound gained momentum as UK average earnings exceeded forecasts, reducing the likelihood of an interest rate cut by the Bank of England. Meanwhile, the Canadian Dollar weakened as inflation fell short of expectations, increasing speculation of a potential rate cut by the Bank of Canada.ExchangeRates2024-12-18

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

Traders bet on a less dovish Fed ahead of the Fed Interest Rate Decision.FXEmpire2024-12-18

USD/CAD refreshes four-year highs above 1.4400 post-Fed hawkish cut

The USD/CAD soared to fresh yearly highs after the Federal Reserve slashed interest rates at the December meeting while opting to adopt a gradual approach to monetary policy next year. At the time of writing, the pair trades volatile at around 1.4400.FX Street2024-12-18

Canadian Dollar Technical Forecast: USD/CAD Breakout Unfolds

The US Dollar is poised to mark a fourth consecutive weekly advance against the Canadian Dollar with a breakout in USD/CAD surging to fresh multi-year highs. All eyes now fall on the Fed with the December interest rate decision on tap later today.Forexcom2024-12-18

USD/CAD: Uptrend extends above 1.3970 – Societe Generale

USD/CAD broke out from a large consolidation (above 1.3970) resulting in extension of uptrend, Societe Generale's FX analysts note.FX Street2024-12-17

USD/CAD reaches fresh four-year highs near 1.4300 amid stronger US Dollar, Treasury yields

USD/CAD continues its winning streak for the fourth consecutive day, trading around its fresh multi-year high at 1.4290 during the European hours on Tuesday. The pair gains support as the US Dollar (USD) retraces its losses from the previous two sessions, which could be attributed to the higher Treasury yields.FX Street2024-12-17

EURCAD: Bearish Outlook

European Central Bank (ECB) President Christine Lagarde has signaled that more interest rate cuts may be coming if upcoming inflation data matches expectations. Speaking at the Bank of Lithuania, Lagarde mentioned that the eurozone is nearing its 2% inflation target and hinted at further easing if the current trends continue.Action Forex2024-12-17

U.S. Dollar Is Mostly Flat As Retail Sales Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected Retail Sales report did not provide material support to the American currency.FXEmpire2024-12-17

USD/CAD stays firm slightly below 1.4300 after US Retail Sales, Canadian CPI data release

The USD/CAD pair remains firm near 1.4280 in Tuesday's North American session after the release of the Canadian inflation and the United States (US) monthly Retail Sales data for November.FX Street2024-12-17

USD/CAD reaches multi-year highs near 1.4300 amid the Canadian political crisis

  The US Dollar keeps appreciating against the Canadian Dollar and trades right below 1.4300 for the first time in four years. Concerns about the negative impact of US tariffs on Canadian products and a political crisis in Canada are crushing the Canadian Dollar.FX Street2024-12-17

USD/CAD gains ground to multi-year highs near 1.4300, Fed rate decision looms

USD/CAD gains ground to multi-year highs near 1.4300, Fed rate decision loomsFX Street2024-12-17

GBP/USD Faces Trouble, USD/CAD Builds on Gains

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.2840 resistance zone. The British Pound started a fresh decline and traded below the 1.2750 support zone against the US Dollar, as discussed in the previous analysis.Action Forex2024-12-16

Pound Canadian Dollar Week Ahead Forecast: GBP/CAD Dips despite BoC Interest Rate Cut

The Pound (GBP) began the week trading flat against most of its peers as an absence of UK data releases left the currency largely directionless. On Tuesday, with another sparse data calendar, GBP exchange rates were driven by market sentiment, which saw Sterling gain strength against several safe-haven currencies as investors adopted a.ExchangeRates2024-12-16

U.S. Dollar Pulls Back After PMI Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected Composite PMI report did not provide support to the American currency.FXEmpire2024-12-16

USD/CAD Pullback Keeps RSI Below Overbought Territory

USD/CAD pulls back from a fresh yearly high (1.4271) to keep the Relative Strength Index (RSI) below overbought territory, but a move above 70 in the oscillator is likely to be accompanied by a further advance in the exchange rate like the price action from earlier this year.Forexcom2024-12-16

USD/CAD resumes uptrend to test long-term highs at 1.4240

The US Dollar keeps trading firm against its weaker Canadian Counterpart. The mild CAD recovery attempt seen on Friday was contained above the 1.4200 level, and the pair is crawling higher again on Monday, to test four-year highs at 1.4240.FX Street2024-12-16

USD/CAD trades close fresh four-year high near 1.4250 amid firm US Dollar

The USD/CAD pair holds gains near a fresh more than four-year high at 1.4245 in Friday's European session. The Loonie pair strengthens as the US Dollar (USD) performs strongly against its major peers on expectations that the Federal Reserve (Fed) could pause its policy-easing cycle in January after cutting interest rates by 25 basis points (bps) to 4.25%-4.50% in the policy meeting on Wednesday.FX Street2024-12-13

U.S. Dollar Is Flat Ahead Of The Weekend: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Rising Treasury yields did not provide support to the American currency.FXEmpire2024-12-13

USD/CAD Price Forecast: Sets to rally further

The USD/CAD pair refreshes more than a four-year high around 1.4240 on Friday. The Loonie pair performs strongly even though the US Dollar (USD) gives up intraday gains, suggesting a sharp weakness in the Canadian Dollar (CAD).FX Street2024-12-13

Canadian Dollar Forecast: USD/CAD Highs, Trump Tariff Threat Drives

It's been a dramatic past month for US and Canadian relations. As President-elect Trump's poll numbers improved through October and into November, USD/CAD continually weakened from a September low of 1.3420 to a pre-election high of 1.3959.Forexcom2024-12-13

USD/CAD Price Forecast: Hovers around 1.4150 after pulling back from multi-year highs

USD/CAD remains tepid for the second successive day, trading around 1.4150 during the European session on Thursday. From a technical perspective, the daily chart analysis shows the Loonie pair trends higher within an ascending channel pattern, suggesting a strengthening bullish bias.FX Street2024-12-12

U.S. Dollar Moves Higher As PPI Exceeds Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Index made an attempt to settle above the 107.00 level as traders reacted to PPI data.FXEmpire2024-12-12

USD/CAD holds above 1.4200 as hot US PPI boosts US Dollar

USD/CAD holds above 1.4200 as hot US PPI boosts US DollarFX Street2024-12-12

Canadian Dollar Forecast: USD/CAD Climbs to Fresh Yearly High

USD/CAD trades to a fresh yearly high (1.4200) as it retraces the decline following the Bank of Canada (BoC) meeting, and the exchange rate may track the positive slope in the 50-Day SMA (1.3926) as it holds above the moving average.Forexcom2024-12-12

USD/CAD at a 56-Month High

As evidenced by the USD/CAD chart, yesterday the rate climbed above 1.4190 – a level not seen since April 2023, when the world was gripped by panic over the spread of the coronavirus.Action Forex2024-12-11

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

U.S. dollar moved higher as inflation data met analyst estimates.FXEmpire2024-12-11

BOC Recap: USD/CAD Drops as Macklem Hints at Gradual Cuts in 2025

In its final monetary policy statement of the year, the central bank explained its reasoning for delivering the expected 50bps rate cut and highlighted the potential policy uncertainty around trade and immigration as US President Trump prepares to take office for his second term:Forexcom2024-12-11

USD/CAD Mid-Day Outlook

Intraday bias in USD/CAD is turned neutral first with current retreat, and some consolidations would be seen. But outlook will remain bullish as long as 1.4009 support holds.Action Forex2024-12-11

USD/CAD Steady Ahead of BoC Rate Decision

The Canadian dollar is drifting on Wednesday, ahead of the Bank of Canada rate decision later today. In the European session, USD/CAD is trading at 1.4181, up 0.10% at the time of writing.Action Forex2024-12-11

USD/CAD trades sideways below 1.4200 ahead of US inflation, BoC policy meeting

The USD/CAD pair consolidates in a tight range below the round-level resistance of 1.4200 in the European trading session on Wednesday. The Loonie pair trades sideways as investors await the United States (US) Consumer Price Index (CPI) data for November and the Bank of Canada's (BoC) monetary policy decision, which are scheduled for the North American session.FX Street2024-12-11

USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets

The USD/CAD pair touches a fresh high since April 2020 during the Asian session on Tuesday, though it lacks follow-through buying and remains below the 1.4200 round-figure mark. The near-term fundamental backdrop, meanwhile, seems tilted in favor of bullish traders and suggests that the path of least resistance for spot prices remains to the upside.FX Street2024-12-10

USD/CAD refreshes four-year high near 1.4200 with US inflation, BoC policy in focus

The USD/CAD pair posts a fresh four-year high near the round-level resistance of 1.4200 in Tuesday's European session. The Loonie pair strengthens as the US Dollar (USD) rises ahead of the United States (US) Consumer Price Index (CPI) data for November, which will be published on Wednesday.FX Street2024-12-10

U.S. Dollar Moves Towards Weekly Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency continues to rebound from recent lows.FXEmpire2024-12-10

USD/CAD extends upside above 1.4150, all eyes on US CPI data, BoC rate decision

USD/CAD extends upside above 1.4150, all eyes on US CPI data, BoC rate decisionFX Street2024-12-10

Canadian Dollar Short-term Outlook: USD/CAD Bulls Brace for BoC

The US Dollar has rallied more than 1.3% since the start of the month with the late-September rally testing major technical resistance today. The focus now shifts to major event risk tomorrow with the US Consumer Price Index (CPI) and the Bank of Canada interest rate decision on tap.Forexcom2024-12-10

EURCAD Wave Analysis

EURCAD currency pair recently broke the resistance zone located between the resistance level 1.4865 (which has been reversing the pair from the middle of November) and the 50% Fibonacci correction of the downward impulse wave C.Action Forex2024-12-09

USD/CAD extends upside above 1.4150 on bets for big BoC cut

USD/CAD extends upside above 1.4150 on bets for big BoC cutFX Street2024-12-09

U.S. Dollar Is Flat At The Start Of The Week: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is swinging between gains and losses as traders wait for catalysts.FXEmpire2024-12-09

USD/CAD Forecast: Canadian Dollar Vulnerable to BoC Rate Cut

USD/CAD pulls back ahead of the November high (1.4178) after clearing the opening range for December, but the Bank of Canada (BoC) meeting may produce headwinds for the Canadian Dollar as the central bank is anticipated to deliver another rate-cut.Forexcom2024-12-09

USD/CAD fails again at 1.4180, higher Oil prices are supporting the loonie

The US Dollar's rally has been rejected again at the 1.4180 level and the Canadian Dollar is trimming some losses on Monday. Oil prices are bouncing up on hopes of further stimulus measures in China while the US Dollar treads water.FX Street2024-12-09

Pound Canadian Dollar (GBP/CAD) Exchange Rate Forecast: Eyes on Bank of Canada

At the time of writing GBP/CAD traded at around CA$1.8022, up roughly 0.7% from Friday's opening rate. The Pound (GBP) started the week slightly weakened by the release of the UK's latest manufacturing PMI data for November, which indicated a more significant contraction than anticipated.ExchangeRates2024-12-09

USD/CAD rises to near 1.4040, tracks US Dollar's action ahead of US NFP data

The USD/CAD pair gains to near 1.4040 in European trading hours on Friday. The Loonie pair rises as the US Dollar (USD) moves higher ahead of the United States (US) Nonfarm Payrolls (NFP) data for November, which will be published at 13:30 GMT.FX Street2024-12-06

USDCAD Wave Analysis

USDCAD currency pair today reversed down from the pivotal resistance level 1.4080 (which has been reversing the pair from the start of November) standing near the upper daily Bollinger Band.Action Forex2024-12-06

USD/CAD surges to near 1.4100 after US-Canada Employment data

The USD/CAD pair advances to near the round-level resistance of 1.4100 after the release of the labor market data for November from both economies: the United States (US) and Canada.FX Street2024-12-06

USD/CAD Steady Ahead of Can. Job Growth, US NFP

The Canadian dollar is showing small gains on Friday. In the European session, USD/CAD is trading at 1.4041, up 0.12% at the time of writing.Action Forex2024-12-06

USD/CAD slides back closer to mid-1.4000s amid modest USD weakness

The USD/CAD pair struggles to capitalize on its weekly gains registered over the past three days and attracts some sellers during the first half of the European session on Thursday. Spot prices slide closer to mid-1.4000s in the last hour, though any meaningful downfall still seems elusive ahead of the crucial monthly employment details from the US and Canada on Friday.FX Street2024-12-05

U.S. Dollar Pulls Back As Initial Jobless Claims Rise: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Index pulled back below the 106.00 level as traders bet on dovish Fed.FXEmpire2024-12-05

USD/CAD softens below 1.4050 as traders await US NFP data

The USD/CAD pair trades in negative territory around 1.4020 during the early Asian session on Friday. The US Dollar (USD) remains under renewed selling pressure as traders prefer to wait on the sidelines ahead of the US and Canadian labor market reports, which are due later on Friday.FX Street2024-12-05