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47,000+ Customers

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Monday - Friday: 9:30 am - 6:00 pm

Saturday: 10:00 am - 4:00 pm

Sunday: 11:00am - 3:00 pm

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


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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 New Market

Since the city of New Market 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 New Market too. In addition, New Market 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 New Market. These 2 businesses either have customers in the United States or import goods from the United States.

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

Exchange Amount in New Market

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

Currencies Involved in New Market

  • 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 New Market

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 rebounds to near 1.3600 as Oil prices correct downwards, G7 Summit eyed

USD/CAD is trading around 1.3600 during the Asian hours on Monday after rebounding from eight-month low of 1.3566, which was recorded on June 13. The pair gains ground as the commodity-linked Canadian Dollar (CAD) faces challenges due to a decline in the crude Oil prices.FX Street2025-06-16

USD/CAD  approaches YTD lows at 1.3565 after failure at 1.3600

The USD/CAD recovery attempt seen during Monday's early trade has failed to find acceptance above 1.3600. The pair retraced gains afterwards, weighed by broad-based US Dollar weakness, and is approaching eight-month lows at 1.3565.FX Street2025-06-16

USD Net Shorts Hit Record as AUD Bears Rise, CAD and EUR Gain – COT Report

Traders ramped up bearish bets on the US dollar, pushing net-short exposure to record levels. Meanwhile, AUD saw renewed short interest, while CAD and EUR gained favour among large speculators.Forexcom2025-06-16

Pound Canadian Dollar Exchange Rate Forecast: GBP Tests 1.844 amid Surging Oil Prices

Looking ahead to this week, the Pound Canadian Dollar exchange rate (GBP/CAD) will likely be driven by the publication of the Bank of England's latest interest rate decision on Thursday. With the central bank expected to leave interest rates unchanged at its upcoming policy meeting, market attention is likely to centre on the bank's.ExchangeRates2025-06-16

U.S. Dollar Retreats As Demand For Safe-Haven Assets Falls: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Demand for safe-haven dollar declined despite tensions in the Middle East.FXEmpire2025-06-16

USD/CAD remains capped below 1.3660 lows as higher crude prices support the Loonie

The US Dollar rallied on early trade on Friday, boosted by the risk-averse reaction to Israel's attack on Iran, but was capped at 1.3660 before returning to levels close to 1.3600 as the escalating Oil prices have pushed the Canadian Dollar higher. Crude prices have surged on concerns that escalating tensions between Iran and Israel might disrupt Oil traffic through the strategic Strait of Hormuz, leading to significant restrictions in global supply.FX Street2025-06-13

USD/CAD climbs to mid-1.3600s as safe-haven buying benefits USD and offsets surging Oil prices

The USD/CAD pair stages a modest recovery from sub-1.3600 levels, or its lowest level since October 2024 touched during the Asian session on Friday and reverses a major part of the previous day's losses. The momentum lifts spot prices to a fresh daily top, closer to mid-1.3600s in the last hour, and is exclusively sponsored by the rebounding US Dollar (USD).FX Street2025-06-13

CAD soft vs. USD but performing well vs.

The Canadian Dollar (CAD) is trading marginally lower vs. the US Dollar (USD) while performing well against most of the G10 currencies, its performance insulated by the Canadian dollar's relationship to oil prices, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-06-13

USD strengthens on geopolitical risks as oil offers CAD support – Scotiabank

The US Dollar (USD) is strengthening broadly on the back of geopolitical tensions as market participants respond to news of Israeli airstrikes launched against Iran, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-06-13

USD/CAD breaks 1.3600 as US Dollar weakness returns

The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) in the American session on Friday, with the Loonie erasing gains from earlier sessions.FX Street2025-06-13

U.S. Dollar Pulls Back From Session Highs Amid Geopolitical Developments: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Demand for safe-haven assets increased after Israel attacked Iran's nuclear-related facilities, but traders have already started to sell the dollar.FXEmpire2025-06-13

USD/CAD bounces up from lows but remains on the defensive below 1.3700

The US Dollar is posting a mild recovery against its Canadian counterpart on Thursday's European trading session. The pair bounced up from one-week lows, with the CAD losing ground as Oil prices ease, but maintains its broader bearish trend intact, with bulls capped well below the 1.3700 level so far.FX Street2025-06-12

USD/CAD Price Forecast: Falls to near 1.3650, eight-month lows

The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3660 during the Asian hours on Thursday. A persistent bearish sentiment prevails as the pair moves downwards within the descending channel pattern, suggested by the technical analysis of the daily chart.FX Street2025-06-12

Pound to Canadian Dollar News: GBP/CAD Approaches One-Month Low

Looking ahead, the main catalyst of movement for Pound to Canadian Dollar (GBP/CAD) exchange rate in the second half of the week is likely to be the release of the UK's latest GDP figures. The Office for National Statistics (ONS) is expected to report that the economy shrank in April, with economists predicting a 0.1% contraction in.ExchangeRates2025-06-12

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

The disappointing Initial Jobless Claims report put additional pressure on the American currency.FXEmpire2025-06-12

USD/CAD Mid-Day Outlook

USD/CAD's decline resumed by breaking through 1.3633 support and intraday bias is back on the downside. Decisive break of 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603 will pave the way to 100% projection at 1.3349.Action Forex2025-06-12

Canadian Dollar Forecast: USD/CAD Breaks Through Support

USD/CAD crashed through multi-year trend support with price plunging nearly 3% off the May high- risk for further losses. Battle lines drawn on the weekly technical chart.Forexcom2025-06-12

USD/CAD trades above 1.3650 as easing US-China tensions offset impact of higher Oil prices

USD/CAD retraces its recent losses, trading around 1.3680 during the Asian hours on Wednesday. However, the upside of the USD/CAD pair could be limited as the commodity-linked Canadian Dollar (CAD) possibly receives support from the improved crude Oil prices.FX Street2025-06-11

EUR/CAD Price Forecast: Tests 1.5650 barrier near descending channel's upper boundary

EUR/CAD recovers its recent losses, trading around 1.5640 during the European hours on Wednesday. Technical analysis on the daily chart points to the potential weakening of a bearish bias, with the currency cross hovering near the upper boundary of the descending channel.FX Street2025-06-11

USD/CAD wobbles below 1.3700 as US inflation takes centre stage

The USD/CAD trades in a tight range below 1.3700 during European trading hours on Wednesday. The Loonie pair consolidates as investors await the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.FX Street2025-06-11

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

The American currency is moving lower as traders bet on dovish Fed.FXEmpire2025-06-11

USD/CAD treads water above 1.3700 as tariff tensions ease following US-China meeting

USD/CAD extends its winning streak for the third successive session, trading around 1.3700 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) gains ground as market sentiment improves amid easing tariff war tensions between the United States and China.FX Street2025-06-10

USD/CAD trims losses but remains capped below 1.3735

USD/CAD trims losses but remains capped below 1.3735FX Street2025-06-10

EUR/CAD Price Forecast: Maintains position near 1.5650, support appears at nine-day EMA

EUR/CAD Price Forecast: Maintains position near 1.5650, support appears at nine-day EMAFX Street2025-06-10

U.S. Dollar Tests Traders' Nerves Amid Trade Talks: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is swinging between gains and losses as traders wait for the results of trade negotiations between U.S. and China.FXEmpire2025-06-10

USD/CAD drifts lower from 1.3700 with all eyes on the US-China talks

The US Dollar is trading lower across the board on Monday, as the dust from the strong US Nonfarm Payrolls report settles, and investors shift their focus to the trade negotiations between the US and China, which are taking place in London later on Monday. Negotiators from the world's two major economies are trying to ease the recent trade tensions and get back on the track defined last month in Geneva.FX Street2025-06-09

U.S. Dollar Pulls Back As Treasury Yields Fall: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is under pressure at the start of the week.FXEmpire2025-06-09

USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited

The USD/CAD pair extends its sideways consolidative price move for the second straight day on Friday and trades around the 1.3665 region during the early European session. Spot prices remain close to the year-to-date low touched on Thursday and seem vulnerable to sliding further.FX Street2025-06-06

U.S. Dollar Gains Ground As Non Farm Payrolls Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Rising Treasury yields provide additional support to the American currency.FXEmpire2025-06-06

USD/CAD Price Forecast: More downside towards 1.3600 looks likely

The USD/CAD pair appears vulnerable near an over eight-month low, slightly above 1.3650 during Asian trading hours on Thursday. The Loonie pair stays under pressure as the US Dollar (USD) remains on backfoot amid renewed United States (US) stagflation risks and trade uncertainty.FX Street2025-06-05

USD/CAD languishes near YTD low, seems vulnerable around 1.3670-1.3665 region

The USD/CAD pair extends its bearish consolidative price action heading into the European session on Thursday and currently trades around the 1.3670-1.3665 area, just above the lowest level since October 2024 touched the previous day. Meanwhile, the fundamental backdrop seems tilted in favor of bearish traders and suggests that the path of least resistance for spot prices remains to the downside.FX Street2025-06-05

Pound Canadian Dollar Exchange Rate Forecast: GBP Muted following BoC Interest Rate Decision

As we approach Thursday's session on foreign exchange markets, the Pound to Canadian Dollar exchange rate is likely to be driven by the release of significant data from Canada. Thursday's release will come in the form of the country's latest balance of trade which, which is expected to show a dip in April.ExchangeRates2025-06-05

U.S. Dollar Tested New Lows: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders reacted to the weaker-than-expected Initial Jobless Claims report.FXEmpire2025-06-05

USD/CAD slips below 1.3650 as US jobless claims rise, Canada's PMI contract

USD/CAD extended its losses on Thursday amid a busy schedule on both sides of the border, with US unemployment benefits data coming in above forecasts. At the same time, Canada's Ivey PMI shows that business activity contracted for the second straight month.FX Street2025-06-05

USD/CAD dips to test YTD lows at 1.3650 amid generalised Dollar weakness

The US Dollar's recovery has been short-lived. A frail rebound witnessed on Wednesday's late US market session was capped below 1.3700, and the pair resumed its broader downtrend on Thursday to test year-to-date lows, at 1.3650.FX Street2025-06-05

CAD holds near yesterday's high on soft USD, unfazed by BoC – Scotiabank

The Canadian Dollar (CAD) is steady, holding near yesterday's high against the US Dollar (USD). The BoC's 'dovish hold' outcome yesterday was largely as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-06-05

USD/CAD breaks below 200-DMA, downtrend persists – Société Générale

USD/CAD continues its descent after slipping below the 200-DMA, now hovering near a long-term trend line. While momentum indicators show some signs of stabilization, the technical outlook remains fragile without a clear bounce, Société Générale's FX analysts note.FX Street2025-06-04

USD/CAD Price Forecast: Falls to near 1.3700, eight-week lows

The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3710 during the European hours on Wednesday. The daily chart's technical analysis suggested a persistent bearish sentiment, as the pair consolidates within the descending channel pattern.FX Street2025-06-04

USD/CAD Holds Near 2025 Low

As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial.Action Forex2025-06-04

USD/CAD hangs near YTD low; flat lines above 1.3700 ahead of BoC, US macro data

The USD/CAD pair extends its sideways consolidative price move through the Asian session on Wednesday and remains close to its lowest level since October 2024 touched earlier this week. Spot prices currently trade around the 1.3715-1.3720 area, nearly unchanged for the day, as market participants await the Bank of Canada (BoC) policy update.FX Street2025-06-04

Bank of Canada Leaves Interest Rate at 2.75%, USD/CAD Steady

The Bank of Canada kept its benchmark interest rate steady at 2.75% in its June 2025 decision, meeting the expectations of half the market. This marks the second time rates have been held steady after cutting them by 2.25 percentage points over seven straight decisions.Action Forex2025-06-04

EUR/CAD steadies as Bank of Canada holds rate steady at 2.75%

EUR/CAD is trading flat in the early hours of the American session on Wednesday after the Bank of Canada (BoC) announced its decision to leave interest rates unchanged at 2.75%.FX Street2025-06-04

U.S. Dollar Retreats As ISM Services PMI Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The disappointing ADP Employment Change report put additional pressure on the American currency.FXEmpire2025-06-04

USD/CAD weakens as BoC holds rates, US data disappoints

The Canadian Dollar (CAD) extends its advance against the US Dollar (USD) on Wednesday after the Bank of Canada (BoC) held interest rates steady, aligning with market expectations. Meanwhile, the US Dollar weakens across the board following a sharp miss in the ADP Employment Change and a softer ISM Services PMI.FX Street2025-06-04

Canadian Dollar Forecast: BOC Delivers a Dovish Hold, USD/CAD Drops Below 1.37

After the BOC's "dovish hold," USD/CAD is threatening a breakdown below key support in the 1.3700-15 area – the next support level for bears to watch is near 1.3625, the minor highs from last SeptemberForexcom2025-06-04

USD/CAD returns to 1.3730 with the Dollar showing a firmer tone

The US Dollar is trading on a somewhat stronger note on Tuesday, favoured by an improved market sentiment, which has helped the USD/CAD to bounce from year-to-date lows below 1.3700 and return to 1the 1.3730 area at the moment of writing. The broader trend, however, remains bearish, with speculative demand for the YS Dollar weak, on concerns about Trump's tariffs' impact on the US economy and looming fears about the US fiscal health.FX Street2025-06-03

U.S. Dollar Rebounds As JOLTs Job Openings Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The encouraging job market report provided support to the American currency.FXEmpire2025-06-03

USD/CAD Price Forecast: USD/CAD bearish structure intact, short-term bounce hinges on 1.3700 support

The Canadian Dollar (CAD) holds firm against the US Dollar (USD) on Tuesday, with the USD/CAD pair trading sideways during the American session to trade around 1.3720. The pair had stabilized earlier in the day as the Greenback attempted a mild rebound, but lost steam despite a stronger-than-expected JOLTS Job Openings report.FX Street2025-06-03

Canadian Dollar Analysis: USD/CAD Holds Neutral Ahead of BoC Decision

Over the past four trading sessions, USD/CAD has depreciated by nearly 1.5% in favor of the Canadian dollar, as the market anticipates the upcoming Bank of Canada (BoC) rate decision.Forexcom2025-06-03

USD/CAD falls to near 1.3700 as traders expect BoC to keep rates steady in June

USD/CAD extends its losses for the second successive session, trading around 1.3720 during the Asian hours on Monday. The Canadian Dollar (CAD) continues to gain ground against the US Dollar (USD) following stronger-than-expected Gross Domestic Product (GDP) Annualized reinforced odds of the Bank of Canada (BoC) holding interest rates steady at its meeting on Wednesday.FX Street2025-06-02

USD/CAD explores Year-to-Date lows below 1.3700 amid broad-based Dollar weakness

Strong Canadian GDP raises expectations of a hawkish BoC on Wednesday. The US Dollar is dropping across the board, hammered by a mix of risk aversion amid Trump's erratic trade policies, concerns about fresh tariffs, and looming fears of US debt that have revived the “sell America” trade.FX Street2025-06-02

USD/CAD Daily Outlook

Intraday bias in USD/CAD stays neutral at this point. Consolidation from 1.3685 might extend.Action Forex2025-06-02

USD/CAD under pressure as Canada PMI improves, US data disappoints

The Canadian Dollar (CAD) extends its winning streak against the US Dollar (USD) for a third consecutive day on Monday, supported by rising oil prices and sustained weakness in the Greenback.FX Street2025-06-02

CAD probes best levels since Oct on weak USD – Scotiabank

Better than expected GDP data for Q1 provided a bit of a lift for the CAD Friday. The data saw some marginal repricing of swaps for Wednesday's BoC policy decision and a couple of Canadian banks reversed their forecast for a cut to a hold—in line with Scotia's view of no change, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-06-02

U.S. Dollar Retreats As ISM Manufacturing PMI Drops To 48.5: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar tested weekly lows as traders reacted to the disappointing report.FXEmpire2025-06-02