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Currency Exchange Oakville

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47,000+ Customers

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Since 2012

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Monday - Wednesday: 8:30 am - 6:30 pm

Thursday - Friday: 8:30 am - 7:00 pm

Saturday: 10:00 am - 3:30 pm

Sunday: Closed

torontopath@currencymart.net

Today's Forex News

USDCAD Extends Its Bullish Rally to New 2-month High

USDCAD skyrocketed to another fresh two-month high of 1.3774 during yesterday's session, adding more than 2.5% following the rebound from the double bottom pattern around 1.3420. The aggressive buying activity above the 1.3650 barrier, which served as a neckline, completed the latest formation.Action Forex2024-10-11

Technical Analysis – USDCAD extends its bullish rally to new 2-month high

USDCAD skyrocketed to another fresh two-month high of 1.3774 during yesterday's session, adding more than 2.5% following the rebound from the double bottom pattern around 1.3420. The aggressive buying activity above the 1.3650 barrier, which served as a neckline, completed the latest formation.XM2024-10-11

Risk Sentiment Steadies as Dollar Softens, GBP/CAD Eyes UK and Canada Data

Risk sentiment appears to have stabilized heading into the weekend, despite stronger-than-expected US inflation data released overnight. The report didn't cause any significant shifts in market expectations regarding Fed's rate cuts.Action Forex2024-10-11

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

The American currency is losing some ground in choppy trading.FXEmpire2024-10-11

USD/CAD surrenders some gains after US PPI, Canadian Employment data

The USD/CAD pair gives up some of its intraday gains after posting a fresh two-month high to near 1.3780 in Friday's New York session. The Loonie asset surrenders some gains after the release of the United States (US) Producer Price Index (PPI) and the Canadian Employment data for September.FX Street2024-10-11

USD/CAD Pushes Higher, Canadian Employment Next

The Canadian dollar has hit a rough patch and is on a seven-day slide in which it has fallen 1.6%. On Thursday, the Canadian dollar weakened to 1.3775, its lowest level against the US dollar since August 7.Action Forex2024-10-11

Additional News:

USD/CAD Price Forecast: Extends winning streak for eighth trading day

The USD/CAD pair extends its winning spell for the eighth trading day on Friday. The Loonie pair strengthens and rises above 1.3750 amid sheer weakness in the Canadian Dollar (CAD).FX Street2024-10-11

USD/CAD: Daily MACD denotes regain of upward momentum – Société Generale

USD/CAD decline stalls near August low of 1.3440, which resulted in a short-term up move, Societe Generale's FX analysts note.FX Street2024-10-11

Too Far from You?

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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 $3.50 for 30 minutes. Walk into a steel door beside pay station at P1 level, labeled as PATH. Walk straight through the Shearton Hotel and keep walking straight to Richmond-Adelaide Centre. We are on the other side of the food court, beside a handicap ramp.

Parking Entrance at 100 Queen St. W.

PATH Entrance inside Parking P1 Level

Walk Straight Through Shearton Hotel

Richmond-Adelaide Centre in PATH

Access Currency Mart

About 2 minutes walk. Walking into the building of 110 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn right at Rexalll drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 120 Adelaide St. W., take the escalator behind the security desk down to Toronto PATH, we are 6 shops away on your right hand side, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 130 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn left at Rexall drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 85 Richmond St. W., take the escalator down to Toronto PATH, we are on the other side of the food court beside a handicap ramp.

About 1 minutes walk. Walking into the building of 111 Richmond St. W., take the escalator on your left hand side down to Toronto PATH, we are 6 shops away on your right hand side.

About 8 minutes walk. Walk out queen station from south bound platform, turn left walk into the Bay. Turn right in the Bay, and keep walking straight to Thompson building, keep walking straight to Shearton Centre, and turn left. We are 6 shops away on your right hand side.

About 4 minutes walk.

About 8 minutes walk.


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 Toronto

The demand of currency exchange in Oakville is mainly from manufacturing activies, because most manufacturing business sell their products to United States and get paid by us dollars. In addition, purchasing property, vehicle, pay tutition and travel expense are supplements of the currency exchange market in Toronto. In fact, the amount of exchanging USD to CAD is much more than exchanging CAD to USD.

Currency Exchange Market of Oakville Area

Currency exchange in Oakville area is lack of competiton, since most foreign exchange dealers are in Toronto downtow or Yonge St. area.

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 Oakville - FAQ

Going to Toronto downtown will get you the best rate compare to Oakville area.

Oakville is lack of major foreign exchange dealers and it only about 40 minutes away from Toronto downtown, which most Canadian foreign exchange dealers located.

All local banks can exchange your USD to CAD, but those banks only deal with customers who have bank accounts with them.

Foreign exchange dealers can do it for you and rate is usually better than banks.

Payday loan businesses do currency exchange too, but rates are terriable.

In general, HSBC offers the best currency exchange rates amoung all other banks. Also, credit unions offer exchange rates better than banks.

We do not accept foreign coins.

As for Canadian coins, we only accept the following amounts for the following denominations:

  • Fifty dollars ($50), or the equivalent of one roll of two dollar ($2.00) coins
  • Twenty-five dollars ($25), or the equivalent of one roll of one dollar ($1.00) coins
  • Ten dollars ($10), or the equivalent of one roll of twenty-five cent ($0.25) coins
  • Five dollars ($5), or the equivalent of one roll of ten cent ($0.10) coins
  • Two dollars ($2.00), or the equivalent of one roll of five cent ($0.05) coins

We reserve the right to use our discretion for accepting Canadian coin, as outlined by the Currency Act under “Legal Tender: section 8, subsection (2)”

We provide the currency exchange service for the following areas of Oakville.

  • New Toronto

  • Mimico

  • Islington

  • New Toronto

  • The Kingsway

  • Humber Valley Village

  • Richview

  • The Queensway

  • Islington City Center West

  • Eatonville

  • Markland Wood

Historical Forex News

Midweek Technical Look – EURUSD, USDCAD, gold

EURUSD retains selling interest beneath 1.0950USDCAD declines after aggressive buying interest to 2-month highGold finds support at 2,600 critical levelXM2024-10-10

USD/CAD holds steady above 1.3700, bulls turn cautious ahead of US consumer inflation

The USD/CAD pair reverses an Asian session dip and is currently placed just above the 1.3700 round figure, within the striking distance of its highest level since August 16 touched the previous day. The intraday uptick, however, lacks bullish conviction amid recovering Crude Oil prices, which tend to underpin the commodity-linked Loonie, and ahead of the latest US consumer inflation figures.FX Street2024-10-10

U.S. Dollar Moves Higher After CPI Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency gained some ground as traders focused on U.S. inflation reports.FXEmpire2024-10-10

USD/CAD Price Forecast: Establishes new uptrend after sudden reversal

USD/CAD was declining within its longer-term range until it bottomed out on September 25 and began rising. FX Street2024-10-10

GBP/CAD Price Forecast: Breaks back above legacy trendline as trend turns higher

GBP/CAD Price Forecast: Breaks back above legacy trendline as trend turns higherFX Street2024-10-10

USD/CAD Forecast: Loonie on a 7-Day Losing Streak, Canadian Jobs on Tap

USD/CAD is testing technical resistance near 1.3750 with an overbought RSI, raising the odds of a pullback ahead of the weekend if data cooperates.Forexcom2024-10-10

USD/CAD advances to 1.3675 area, highest since August 19 ahead of FOMC minutes

The USD/CAD pair scales higher for the sixth successive day on Wednesday and climbs to the 1.3670-1.3675 area, or its highest level since August 19 during the first half of the European session amid renewed US Dollar (USD) buying.FX Street2024-10-09

U.S. Dollar Tests Multi-Week Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders reduce bets on dovish Fed, which is bullish for the American currency.FXEmpire2024-10-09

USD/CAD reclaims seven-week high near 1.3650 amid weak Canadian Dollar

The USD/CAD pair recaptures a seven-week high near 1.3650 in Tuesday's European session. The Loonie asset strengthens amid weakness across the Canadian Dollar's (CAD) performance ahead of Canada's Employment data for September, which will be published on Friday.FX Street2024-10-08

Pound Canadian Dollar Week Ahead Forecast: GBP/CAD Slides as Oil Prices Rise

After a muted start to the week, the Pound (GBP) then faced selling pressure as the session unfolded. An anxious market mood weighed on the increasingly risk-sensitive UK currency, as the crisis in the Middle East escalated further, with Iran launching missiles at Israel following an Israeli ground offensive in Lebanon.ExchangeRates2024-10-08

U.S. Dollar Stays Flat: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Index remains stuck near the 102.50 level.FXEmpire2024-10-08

USD/CAD: Undervalued for the time being – Scotiabank

Weaker stocks tugged the Canadian Dollar (CAD) a bit lower yesterday and remain a risk for the currency in the near term as China and rising yields weigh on sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-08

GBP/CAD Price Forecast: Returns to trendline after break – at pivotal point

GBP/CAD is pulling back after unfolding a partial down-leg within a broader rising channel. It is probably in a short-term downtrend, which, given the principle that “the trend is your friend,” marginally favors more downside.FX Street2024-10-08

USD/CAD holds steady below 1.3600, bulls await break above 200-day SMA hurdle

The USD/CAD pair oscillates in a narrow range, around the 1.3580 region on the first day of a new week and is currently placed just below a two-week high touched on Friday. FX Street2024-10-07

USD/CAD strives to break above 1.3600 as US slowdown risks ebb

The USD/CAD pair gathers strength to break above the round-level resistance of 1.3600 in Monday's European session. The Loonie asset extends its winning streak for the fourth trading session as the US Dollar (USD) gains further on expectations the Federal Reserve (Fed) will not extend its policy-easing spell with an aggressive approach.FX Street2024-10-07

U.S. Dollar Is Moving Lower: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is losing some ground as traders take some profits off the table after the strong rebound from yearly lows.FXEmpire2024-10-07

USD/CAD: Softer as firmer commodities help – Scotiabank

The Canadian Dollar (CAD) has softened against the stronger US Dollar (USD) over the past week but losses are relatively contained, leaving the CAD as the top-performing G10 currency over the past five days with a drop of a little under 0.5% (versus a 3% drop for the JPY and NZD and a 1.8% decline in the AUD), Scotiabank's Chief FX Strategist Shaun Osborne notes.  FX Street2024-10-07

Canadian Dollar Technical Forecast: USD/CAD Bulls Charge Resistance

The US Dollar is surging for a second week with a 1.6% rally in USD/CAD now approaching pivotal resistance. Battle lines drawn on the weekly technical chart.Forexcom2024-10-07

Technical Analysis – USDCAD holds on recovery action as NFP report awaited

USDCAD continued its upward movement from a seven-month low of 1.3418, surpassing its 20-day exponential moving average (EMA) and the constraining ascending line from the 2021 low.XM2024-10-04

U.S. Dollar Rallies: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar tests new highs as traders reduce bets on aggressive rate cuts.FXEmpire2024-10-04

USD/CAD jumps to near 1.3600 as US NFP beats estimates

USD/CAD jumps to near 1.3600 as US NFP beats estimatesFX Street2024-10-04

GBP/CAD Price Forecast: Down leg extends within rising channel

GBP/CAD is unfolding a down leg within a rising channel. It will probably continue lower to at least the blue 100-day Simple Moving Average (SMA) at 1.7641.FX Street2024-10-04

Pound to Canadian Dollar Rate: GBP/CAD Craters on Dovish BoE Bailey Rhetoric

The Pound (GBP) fell against the Canadian Dollar (CAD) and the majority of its other peers on Thursday as markets responded to comments by the Bank of England's Andrew Bailey. In an interview with the Guardian Bailey suggested the BoE may become ‘a bit more activist' on interest rate cuts, if inflation remains under control.ExchangeRates2024-10-04

USD/CAD Price Forecast: Tests 21-day Exponential Moving Average near 1.3550

USD/CAD extends its gains for the second consecutive day, trading around 1.3530 during Thursday's European hours. Analysis of the daily chart shows that the pair consolidates within the ascending channel, suggesting an ongoing bullish bias.FX Street2024-10-03

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

The encouraging Services PMI data provided support to the American currency.FXEmpire2024-10-03

GBP/CAD Price Forecast: Unfolds down leg within rising channel

GBP/CAD is unfolding a down leg within a rising channel. It will probably continue lower to at least the blue 100-day Simple Moving Average (SMA) at 1.7641.FX Street2024-10-03

USD/CAD slides to fresh weekly low, further below 1.3500 amid an uptick in Oil prices

The USD/CAD pair extends the previous day's retracement slide from the 1.3535-1.3540 region, or a one-week high and remains under some selling pressure for the second straight day on Wednesday. The downfall drags spot prices to the 1.3475 area during the Asian session and is sponsored by a modest uptick in Crude Oil prices.FX Street2024-10-02

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

U.S. dollar gained ground as ADP Employment Change report beat analyst expectations.FXEmpire2024-10-02

USD/CAD Price Prediction: Starting to decline again, possible resumption of downtrend

USD/CAD has started to creep lower again. The move comes after a three-day pullback from the September 25 low (blue rectangle on chart).FX Street2024-10-02

Analysis of GBP/CAD: Price Falls Below 1.800 Level

The last time GBP/CAD remained consistently above this level was back in 2016, but it later dropped below. Since then, bulls have made two attempts to push the price above 1.800: in 2018 and again in 2020 (during the coronavirus panic) – both of which failed.Action Forex2024-10-02

USD/CAD consolidates above 1.3500 ahead of busy US data week

The USD/CAD pair trades in a tight range above the psychological support of 1.3500 in Tuesday's European session. The Loonie asset turns sideways as investors await the United States (US) labor market and the Purchasing Managers' Index (PMI) data, which will indicate whether the Federal Reserve (Fed) will continue with an aggressive monetary policy stance or shift to a gradual rate cut path.FX Street2024-10-01

USD/CAD Can Be Trapped in a Triangle – More Weakness After Completed A-B-C-D-E Waves

USDCAD is reversing south after an unsuccessful push above 2022 highs, so it appears that pair is back in the range after making the first impulsive drop to 1.3450 back in August. Notice that after that drop in A, price rallied in wave (B) as expected, and stoped perfectly at 1.36 area as discussed in past updates.Action Forex2024-10-01

U.S. Dollar Continues To Rebound: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Strong job market data and rising geopolitical tensions provided support to the American currency.FXEmpire2024-10-01

USD/CAD Price Prediction: Countertrend rally might be stalling

USD/CAD suddenly reversed course in the midst of a strong downtrend and recovered on September 25. The pair quickly rose up from 1.3420 to 1.3539 but now the rebound appears to have stalled after peaking at a similar level for the past two consecutive days (blue box on chart below).FX Street2024-10-01

USD/CAD: Little changed on the day – Scotiabank

The Canadian Dollar (CAD) is little changed on the USD on the day, with spot holding close to Monday's close in the low 1.35 zone, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-01

USD/CAD struggles for a firm intraday direction, consolidates above 1.3500 mark

The USD/CAD pair kicks off the new week on a subdued note and oscillates in a narrow band, above the 1.3500 psychological mark through the Asian session. The mixed fundamental backdrop, meanwhile, warrants some caution before positioning for a firm near-term direction and extension of the pair's goodish rebound from the 1.3420 area, or the lowest level since March 8 touched last week.FX Street2024-09-30

USD/CAD Price Forecast: Consolidates above 1.3500, bulls flirt with 200-hour SMA resistance

The USD/CAD pair struggles to capitalize on last week's goodish recovery from its lowest level since March 8, albeit manages to hold above the 1.3500 psychological mark through the first half of the European session on Monday. FX Street2024-09-30

Pound to Canadian Dollar Exchange Rate Outlook: Weekly Trends Broadly Sideways

At the time of writing, GBP/CAD was trading at C$1.8084, marginally improved from the previous Friday's lunchtime levels. The Canadian Dollar (CAD) trended broadly sideways against the Pound (GBP) last week, though traded in a mixed range against its other peers.ExchangeRates2024-09-30

USD/CAD struggles above 1.3500 with Fed Powell's speech in focus

The USD/CAD pair strives to sustain above the psychological support of 1.3500 in Monday's New York session. The Loonie asset faces pressure as the US Dollar (USD) struggles to gain ground ahead of the Federal Reserve (Fed) Chair Jerome Powell's speech, which is scheduled at 17:00 GMT.FX Street2024-09-30

USD/CAD approaches 1.3500 ahead of US PCE Price Index/Canadian GDP

The USD/CAD pair regains positive traction during the Asian session on Friday and looks to build on this week's recovery move from the 1.3420 area, or its lowest level since March 8. Spot prices, however, remain below the 1.3500 mark as traders keenly await Friday's key macro data from the US and Canada before placing aggressive directional bets.FX Street2024-09-27

U.S. Dollar Moves Away From Session Lows: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected Michigan Consumer Sentiment report provided support to the American currency.FXEmpire2024-09-27

USD/CAD stays sideways below 1.3500 after US inflation, Canadian GDP data

The USD/CAD continues to range below the psychological resistance of 1.3500, in Friday's New York session, despite the release of the United States (US) Personal Consumption Expenditure inflation (PCE) report for August, suggesting that inflation is on track to return to bank's target of 2%.FX Street2024-09-27

USD/CAD Eyes Canada's GDP

Canada's GDP for July is expected at 0.1% m/m, unchanged from June. The economy managed a respectable gain of 2.1% y/y in the second quarter but the third quarter is likely to be much weaker, barring a spectacular turnaround.Action Forex2024-09-27

USD/CAD Price Forecast: Trades cautiously ahead of US PCE inflation, Canadian GDP

The USD/CAD pair trades with caution below the psychological resistance of 1.3500 in Friday's European session. The Loonie asset is marginally higher despite a slight decline in the US Dollar (USD), suggesting a weakness in the Canadian Dollar (CAD) ahead of the monthly Gross Domestic Product (GDP) data for July, which will be published at 12:30 GMT.FX Street2024-09-27

USD/CAD Price Forecast: Trades at make or a break near 1.3450

The USD/CAD pair edges lower to near 1.3465 in Thursday's European session after a strong recovery on Wednesday. The Loonie asset faces a mild sell-off as the US Dollar (USD) struggles to extend recovery, with the US Dollar Index (DXY) facing pressure near 101.00.FX Street2024-09-26

USD/CAD remains depressed near 1.3470-1.3465 area, weaker Oil prices to limit losses

The USD/CAD pair meets with some supply during the Asian session on Thursday and erodes a part of the overnight recovery gains from the 1.3420 region, or its lowest level since March 8. Spot prices currently trade around the 1.3470-1.3465 region, down over 0.10% for the day amid a modest US Dollar (USD) downtick, though some follow-through selling around Crude Oil prices could help limit deeper losses.FX Street2024-09-26

GBP/CAD Price Forecast: Possible reversal of trend could lead to more downside

GBP/CAD might have reversed its short-term uptrend after testing the top of its rising channel, forming a bearish reversal candlestick pattern (orange rectangle on chart below) and then establishing a sequence of lower lows and lower highs. FX Street2024-09-26

Lower Oil Prices Fail to Stem Pound Canadian Dollar (GBP/CAD) Exchange Rate Losses

At the time of writing, GBP/CAD was trading at C$1.7955, having fallen by approximately 0.3% in the past 24 hours. The Canadian Dollar firmed against the Pound and several other peers on Wednesday, as the US Dollar rebounded.ExchangeRates2024-09-26

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

U.S. dollar is swinging between gains and losses as traders react to the GDP Growth Rate report.FXEmpire2024-09-26

USD/CAD Price Prediction: More downside expected as wave C extends

USD/CAD has pulled back within the midst of a strong downtrending move. On Wednesday the pair recouped about half the losses from the previous day and formed a Marubozu Japanese candlestick continuation pattern.FX Street2024-09-26