Currency Exchange Toronto

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47,000+ Customers

200,000+ Transactions

300 Million+ Exchanged



Since 2012

License: M11432814


Branch Information


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

USD/CAD Price Forecast: Bulls have the upper hand while above mid-1.3900s pivotal support

The USD/CAD pair edges higher during the Asian session on Friday, albeit it lacks follow-through buying and remains below the 1.4000 psychological mark amid mixed cues. FX Street2024-11-22

USD adding on a few points: UAD, CAD lower. USD/JPY back to its session high.

Earlier in the session NZD/USD dropped but AUD remained little changed on the back of AUD/NZD buying. Not any more.Forex Live2024-11-22

U.S. Dollar Tests Yearly Highs As Rally Continues: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gains ground as Composite PMI exceeded analyst expectations.FXEmpire2024-11-22

USD/CAD turns upside down on steady Canadian Retail Sales growth, US Dollar retraces

The USD/CAD pair surrenders its entire intraday gains and ticks down as the Canadian Retail Sales data grew steadily in September and the US Dollar (USD) gives up a majority of its intraday gains after refreshing a two-year high.FX Street2024-11-22

USD/CAD: CAD softer but outperforms most peers – Scotiabank

USD/CAD got caught in the crossfire of the hefty US Dollar (USD) advance against the European currencies earlier, rising quickly from the mid/upper 1.39s to an intraday high near 1.4020. The CAD was, however, able to add to this week's gain on the EUR to test 1.45 (taking losses for EUR/CAD for the week to 2.7% from Monday's peak), Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-11-22

USD/CAD Flirting With 140, Retail Sales Next

The Canadian dollar is lower on Friday. In the North American session, USD/CAD is trading at 1.3998 at the time of writing, up 0.16% on the day.Action Forex2024-11-22

Additional News:

EUR/CAD Price Analysis: Pair extended losing streak, fell to lowest since February

The EUR/CAD extended its losing streak to four sessions, falling to a low since February on Friday. The pair declined by 0.56% to 1.4550.FX Street2024-11-22

USD Spike to Two-Year High, EUR/USD Breaks Down, USD/CAD Holds 1.4000

USD/CAD held inside of the 1.4000 handle and the prior week high, even as EUR/USD and DXY broke out to multi-year extremes. Next week is big for USD, USD/CAD and EUR/USD themes as move into month-end.Forexcom2024-11-22

Too Far from You?

Travel to Winnipeg?


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 Sheraton 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 Toronto is mainly from manufacturing activities, 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 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 urrency exchangec 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.

How to Choose a Reputable Foreign Exchange Dealer

Exchange money from a reputable foreign exchange dealer is a way to same money, but the drawback is customers need to find out which foreign exchange dealer is a money saver. This is a little bit easy for people in their own city, but when people in their travel destination city, the answer is not that obvious. Here is a few tips how to find a reputable foreign exchange dealer.

Avoid foreign exchange kiosk at airports, hotels and tourist hotspots

Those foreign exchange kiosks in airports, hotels, and tourist hotspots target tourist as customers and offer convenient but expensive foreign exchange solution. For exchange amount over $500, avoid those kiosks is a better option.

Check google generic search result for foreign exchanger dealers

Google search is really accruate. The No. 1 foreign exchange dealer in the search result is usually the best in that area. Please watch for "ad" symbol, becasue the result with "ad" symbol is a paid search result, not from generic ranking.

Read Google review of the foreign exchagne dealer

Google review is a really useful information tool to let you know the dealer before deal with them. Please read through reviews, especially the negative reviews. Some reviews are faked by business owners but are so easy to identified. The scenario of generic review is so rare, so you can tell this was real happened when you read it.

Call dealer before you go.

Talk to the dealer which you would like to deal with. Get the answers about exchange rate, payment accepted, denominations available.

Service Area

Currency Exchange Yonge and Adelaide

Currency Exchange Toronto Downtown Currency Mart is about 2 blocks west of Yonge and Adelaide, right at the interaction of York and Adelaide.

Located at the center of Toronto financial core, Currency Exchange Toronto Downtown Currency Mart services people who works in office building north of the Union Station, west of Yonge St., east of University Ave. and south of Dundas St.

In addition to working population, our downtown location also the first choice for residents of waterfront community, west of University Ave.

Currency Exchange Businesses near Yonge and Adelaide

  • Ebix Cash
  • Wall Street Finance
  • Currency Mart

Yonge and Adelaide Currency Exchange Customers

Most customers from this area are working populations in the fields of finaace, law, accounting.

Yonge and Adelaide Currency Exchange Amount

From a few hundreds to a few thousands.

Yonge and Adelaide Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Eaton Centre

Currency Exchange Toronto Downtown Currency Mart is about 2 blocks west, 1 block south of Eaton Shopping Centre, right at the interaction of York and Adelaide.

Located at the center of Toronto financial core, Currency Exchange Toronto Downtown Currency Mart services people who visit Toronto downtown.

Currency Exchange Businesses in Eaton Centre

  • Calforex

Eaton Centre Currency Exchange Customers

Tourists

Yonge and Adelaide Currency Exchange Amount

Up to a few hundreds.

Eaton Centre Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and Dundas

Currency Exchange Toronto Downtown Currency Mart is about 2 blocks south of Yonge and Dundas, 2 blocks west of Yonge and Adelaide.

Located in Richmond-Adelaide Centre, Currency Exchange Toronto Downtown Currency Mart services tourist who shop near Eaton Shopping Centre area.

In addition to tourists, our downtown location also the first choice for residents of Yonge St.

Currency Exchange Businesses near Yonge and Dundas

  • Interchange Financial

Yonge and Dundas Currency Exchange Customers

Most customers from this area are tourists and mixed with some working people, local residents and international students

Yonge and Dundas Currency Exchange Amount

A few hundreds

Yonge and Dundas Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and College

Currency Exchange Toronto Downtown Currency Mart is about 3 blocks south of Yonge and College, 2 blocks west of Yonge and Adelaide.

International students are our major customers. We are on their way between school and home.

Currency Exchange Businesses near Yonge and College

  • College Currency Exchange

Yonge and College Currency Exchange Customers

Most customers from this area are international students

Yonge and College Currency Exchange Amount

A few thousands.

Yonge and College Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and Bloor

Currency Exchange Toronto Downtown Currency Mart is about 4 blocks south of Yonge and College, 2 blocks west of Yonge and Adelaide.

Currency Exchange Businesses near Yonge and Bloor

  • York Currency Exchange

Yonge and Bloor Currency Exchange Customers

Most customers from this area are local residents

Yonge and Bloor Currency Exchange Amount

Thousands to 100K

Yonge and Bloor Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Yonge and St. Claire

Currency Exchange Toronto Downtown Currency Mart is about 5 blocks south of Yonge and College, 2 blocks west of Yonge and Adelaide.

Currency Exchange Businesses near Yonge and Dundas

There is no currency exchange business establishment in this area. The best option is toronto downtown and the closest option is Yonge and Bloor

Yonge and St. Claire Currency Exchange Customers

Most customers from this area are local residents.

Yonge and St. Claire Currency Exchange Amount

Thousands to 100K

Yonge and St. Claire Currency Exchange Popular Currencies

  • United States Dollar
  • Euro Dollar
  • Pound Sterling
  • Japanese Yen

Currency Exchange Toronto - FAQ

Calling each foreign exchange dealer in Toronto and asking for a quote will find you the best exchange rate in Toronto.

  • Firstly, the exchange rate is time sensitive information. The best exchange rate provider of your last deal may not offer the best exchange rate currently.
  • Secondly, the exchange rate is currency dependent. A foreign exchange dealer offers the best exchange rate for the United States dollars may not have the best exchange rate for the Euro dollars.
  • Thirdly, the actual exchange rate applied is payment restricted. For example, the exchange rate for electronic payment is much better than cash settlement, due to the cost of fraud, lost or stolen.
  • Finally, the exchange rate is also pending on inventory level and currency trend. In case of overstock and downtrend, a foreign exchange dealer is more likely to offer a better exchange rate than usual to speed up sales.
  • Due to all the driving factors above, only calling each foreign exchange dealer in Toronto and asking for a quote can get you the best exchange in Toronto.

Yes, all branches of local banks and credit unions offer currency exchange services, however there are a few things to pay attention to.

Banks and credit unions only deal with customers who have accounts with them. For small amounts under $100, airport and shopping mall foreign exchange kiosks and hotel front desks are acceptable, even the exchange rate is terrible and fees are high, but really convenient.

For amounts over $1000, it is worth calling each surrounding foreign exchange dealers to find out who offers the best exchange rates.Some well known foreign exchange dealers are:

  • Currency Mart
  • Calforex
  • Continental
  • Interchange Financial
  • Kantor

How much do banks charge for currency exchange Canada?

In general, banks may mark up the currency exchange rate up to 8% for their retail customers with small amounts of exchange plus the flat amount processing fee, such as $5. These markup and fee vary from bank to bank and branch to branch.

Generally speaking, banks with large branch networks charge more and banks with fewer branches, and credit unions offer exchange rates better than banks.

Yes, all branches of local banks and credit unions offer currency exchange services, however there are a few things to pay attention to.

  • Banks do not deal with all currencies, common currencies only such as US dollar or Euro dollar. In general, banks only deal with about 20 - 30 currencies. Only RBC in Canada deals a little bit more than other banks.
  • Usually, banks do not keep foreign currency in stock. Customers need to place an order for it and pick it up 3 - 5 days later.
  • If customers sell foreign currency cash to their bank branches, not all branches pay for the foreign currencies right the way. Some branches send the foreign cash to their processing center to exam and then deposit the payment to your bank account a few days later.
  • Most banks only purchase or sell foreign currencies to clients with a bank account with them.

All banks and credit unions offer currency exchange service, but the drawbacks are usually bank branches do not keep foreign currency cash in stock and also the exchange rate branches offer less favorable for customers.

Beside banks and credit unions, there are a few non financial institution currency exchange dealers in Toronto. Most their locations are in Toronto downtown or the international airport.

These non financial institution foreign exchange dealers try to distinguish their services to others so they do not directly complete with each other.

  • Currency exchange dealers in airport target customers who need convenient services. That is why usually airport locations open much longer hours, such as 12 hours per day. Premium locations and longer hours determined that the operation cost for airport locations are much higher than regular locations, so the currency exchange rates offered by airport locations are terrible for customers. Typically, customers only exchange small amounts for immediately expenses, such as $30 dollar for a taxi.
  • Dealers in Toronto downtown aim corporate or large amount individual customers. A typical transaction amount is $10,000 for start. Usually this type of foreign exchange dealers do not handle physical cash. All transactions are done by wire transfer or electrical fund transfer, a payment processing system used by all Canadian banks. The exchange rate offered by this type of dealers are much better than banks, but the drawback is each transaction takes 1 - 2 business days to complete. The service is ideal for large amount customers who plans a head of time.
  • Farmers are the main customers of all currency exchange dealers in Toronto. Farmers trade huge amount of currency in spring to purchase supply and in fall after selling their harvest.

  • Business owners such as auto dealers, trading companies and restaurants, as well as hotels. These type of businesses either accumulate huge amount of foreign currency during daily operation or need to make large purchase and pay in foreign currency.

  • New immigrants bring in their savings of their whole life to Canada. Also, most new immigrants need to make a large purchase during their first 2 years, a house. That is why the currency exchange demand for new immigrants is huge

  • International students spends their 5 years of best life in Toronto. They bring in about $30,000 a year per person to Toronto.

  • Canadians who are planning to purchase a property in overseas for their retire life.

  • Travelers make small amount exchange, but the huge number of visitors makes the businesses still attractive for currency exchange dealers.

All banks and credit unions offer currency exchange services, but these branches do not keep Euro dollar in stock. Customers need to order with them and pick it up 3 - 5 days later.

Both Currency Mart Toronto downtown and Toronto North York keep Euro cash in stock all the time for the convenience of customer.

From the exchange rate point of view, HSBC Canada offers the best currency exchange rate amount all banks in Canada.

From the exchange rate point of view, in general, the exchange rate in the morning is better than afternoon, beginning of each week is better than near the end of the week.

Please try to have your foreign currency exchanged about 1 week before your departure date.

If the leftover foreign currency is bill, you can still take the bills to local banks or currency exchange dealers.

Most likely, no one takes care leftover foreign coins.

Please try to have your foreign currency exchanged about 1 week before your departure date.

We suggest you to exchange currency a few days before you departure. The reason is you have time to compare and shop around. In addition, Currency Mart can purchase back 30% of your purchase back in 30 days at the same exchange rate printed on the receipt.

Currency exchange dealers try to carry as many currencies as possible, but the supply and the fluctuating currency exchange rates limit our capability. As a currency exchange dealer, United State dollar and Euro dollar are mush have currencies. In addition, some currencies, such as Mexican peso and currencies for other sunshine destination are must have for winter season. To sum up, we try to carry all European country currencies all year around and travel destination country currencies in winter. Please check our currency list for details.

On average, our trade amount is around $700 Canadian dollar per transaction. This amount can be doubled if you travel to US or other European countries and can be reduced to half if you travel to developing countries.

Historical Forex News

USD/CAD remains subdued around 1.3950 following improved crude Oil prices

USD/CAD retraces its recent gains from the previous day as the commodity-linked Canadian Dollar (CAD) receives support from the improved crude Oil prices amid rising fears of supply disruption amid geopolitical tensions. The pair trades around 1.3960 during the European session on Thursday.FX Street2024-11-21

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

The better-than-expected Initial Jobless Claims report provided additional support to U.S. dollar.FXEmpire2024-11-21

USD/CAD holds key support of 1.3950 as US Dollar resumes upside

The USD/CAD pair ticks down but holds the immediate support of 1.3950 in Thursday's North American session. The Loonie pair strives to resume its upside journey on US Dollar's (USD) firm near-term outlook backed by growing doubts over whether the Federal Reserve (Fed) will cut interest rates in the December meeting.FX Street2024-11-21

USD/CAD: Short-term trend momentum weaken to near neutral levels – Scotiabank

The Canadian Dollar (CAD) is little changed on the session. Soft stocks contrast with generally firm commodities on the session while short-term cash bond spreads are narrowing somewhat, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-11-21

EUR/CAD Price Analysis: Pair fell below 1.4700, lowest since July

The EUR/CAD declined by 0.19% to 1.4700 in Thursday's session, reaching its lowest level since July 1st. The currency pair has been falling steadily since then, amid increasing selling pressure as indicated by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD).FX Street2024-11-21

USD/CAD struggles near one-week low, oscillates in a range just above mid-1.3900s

The USD/CAD pair finds some support near the mid-1.3900s, or a one-week low touched during the Asian session on Wednesday and for now, seems to have stalled this week's retracement slide from the highest level since May 2020. Spot prices, however, struggle to gain any meaningful traction, warranting some caution for bullish traders amid mixed fundamental cues.FX Street2024-11-20

USD/CAD Price Forecast: Finds initial support at 14-day EMA near 1.3950

The USD/CAD pair holds ground after two days of losses, trading around 1.3970 during the European hours on Wednesday. The daily chart analysis indicates that the pair is trending upwards within an ascending channel pattern, suggesting a bullish bias.FX Street2024-11-20

Pound Canadian Dollar (GBP/CAD) Exchange Rate Slumps as Canadian Inflation Impresses

The Pound to Canadian Dollar (GBP/CAD) exchange rate was met by sharp losses on Tuesday, following the publication of Canada's latest inflation figures. The Canadian Dollar (CAD) appreciated on Tuesday as CAD investors welcomed the publication of Canada's latest consumer price index.ExchangeRates2024-11-20

USD/CAD: CPI has little impact – Scotiabank

The Canadian Dollar (CAD) has slipped back somewhat after gains met resistance in the mid-1.3950 area, as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.  FX Street2024-11-20

EUR/CAD Price Analysis: Pair fell deeper, approaching last week's lows, indicators deep in negative territory

The EUR/CAD fell by 0.29% on Wednesday, reaching a low of 1.4745, continuing its decline and reaching lows last seen in July. The bearish trend is supported by negative technical indicators, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicating selling pressure and bearish momentum.FX Street2024-11-20

EUR/CAD remains vulnerable near 1.4750 despite higher Eurozone Q3 Negotiated Wages Rate

The EUR/CAD pair stays under pressure near the intraday low of 1.4750 in the European trading session on Wednesday even though Eurozone Negotiated Wages Rate data accelerated in the third quarter of the year. The wage growth measure grew by 5.42%, faster than the Q2 release of 3.54%, prompting expectations of a recovery in consumer spending.FX Street2024-11-20

GBP/CAD Price Prediction: Pierces below confirmation level for Rising Wedge

GBP/CAD is extending its decline after breaking out of a bearish Rising Wedge pattern. FX Street2024-11-20

USD/CAD Rally Unravels to Pull RSI Back from Overbought Zone

USD/CAD may continue to trade to fresh weekly lows as the RSI falls back from overbought territory.Forexcom2024-11-20

USD/CAD trades with positive bias above 1.4000, looks to Canadian CPI for fresh impetus

The USD/CAD pair finds some support near the 1.4000 psychological mark on Tuesday and for now, seems to have stalled its retracement slide from the highest level since May 2020. Traders, however, remain on the sidelines and keenly await the release of Canadian consumer inflation figures before placing fresh directional bets.FX Street2024-11-19

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

The American currency gained some ground despite weak housing market data.FXEmpire2024-11-19

USD/CAD to reach the 1.42 in mid-term – Rabobank

USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank's FX analysts Molly Schwartz and Christian Lawrence note.FX Street2024-11-19

USD/CAD: CPI may come in slightly firmer than forecast – Scotiabank

The Canadian Dollar (CAD) had a mildly better day yesterday to advance to the low 1.40s after peaking just above 1.41. Spot is little changed on the session so far today, despite the drop in global stocks, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-11-19

USD/CAD slides below 1.4000 as Canadian inflation accelerate, US Dollar retreats

The USD/CAD pair falls sharply after the release of the hotter-than-expected Canadian Consumer Price Index (CPI) report for October. The CPI report showed that the headline inflation accelerated to 2%, faster than expectations of 1.9% and from 1.6% in September on year.FX Street2024-11-19

USD/CAD softens to near 1.3950 on hotter Canadian CPI data, eyes on geopolitical risks

USD/CAD softens to near 1.3950 on hotter Canadian CPI data, eyes on geopolitical risksFX Street2024-11-19

Forexlive Americas FX news wrap 19 Nov: CAD moves higher w/higher CPI. USD is mixed.

The US dollar was mixed in trading today with the DXY index falling -0.09%. The USD had changes of 0.09% or less vs 4 of 7 major currencies.Forex Live2024-11-19

Canadian Dollar Short-term Outlook: USD/CAD Trump Rally Unravels

The Trump rally failed at technical resistance last week with a two-day plunge testing the first line of defense. Battle lines drawn on the USD/CAD short-term charts.Forexcom2024-11-19

USD/CAD clings to gains near 1.4100 as Canadian inflation data takes center stage

USD/CAD clings to gains near 1.4100 as Canadian inflation data takes center stageFX Street2024-11-18

GBP/USD Nosedives While USD/CAD Regains Strength

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3000 resistance zone. The British Pound started a downside correction and traded below the 1.2850 support zone against the US Dollar.Action Forex2024-11-18

EUR/CAD Price Forecast: Hits one-week top, bulls flirt with 200-EMA near 1.4870 area

The EUR/CAD cross attracts some follow-through buying at the start of a new week and looks to build on its recovery from the vicinity of the 1.4700 mark, or the lowest level since July 10 touched last week. Spot prices climb to a one-week top during the first half of the European session and currently trade around the 1.4870 region, up 0.25% for the day.FX Street2024-11-18

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

U.S. Dollar Index is under pressure as traders take some profits off the table near yearly highs.FXEmpire2024-11-18

USD/CAD: Little chance of rebounding – Scotiabank

The Canadian Dollar (CAD) is little changed to start the week. There is no incentive to push the CAD higher at this point while yield differentials remain so favourable for the USD so stability or, more likely, more CAD softness are the only alternatives for spot trends in the short run, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-11-18

Pound to Canadian Dollar Week Ahead Forecast: 1.775, Where Next?

The Pound Canadian Dollar exchange rate (GBP/CAD) fell to a two-month low last week as US politics and UK economic data concerned GBP investors. UK economic worries weighed heavily on the Pound (GBP) last week, amid downbeat data and concerns following Donald Trump's US election win.ExchangeRates2024-11-18

USD/CAD Price Forecast: The pair consolidates above 1.4050 amid the overbought condition

USD/CAD Price Forecast: The pair consolidates above 1.4050 amid the overbought conditionFX Street2024-11-15

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

U.S. dollar moved lower despite the better-than-expected Retail Sales report.FXEmpire2024-11-15

USD/CAD: Wider interest rate differential is a major headwind – Scotiabank

The Canadian Dollar (CAD) has edged marginally higher versus a generally softer USD on the session. If markets are recalibrating the USD's post-election gains, the CAD's relatively limited rise on the session makes sense—because it has held up marginally better than its peers following the US vote, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-11-15

GBP/CAD Price Prediction: Vulnerable to more downside as bears hunt targets

GBP/CAD has broken out of a bearish Rising Wedge pattern and started to decline. Although it is pulling back at the moment, it is expected to eventually continue falling towards the pattern's downside targets.FX Street2024-11-15

USD/CAD conquers 1.4000 on Trump's clean sweep

The USD/CAD pair visits the psychological figure of 1.4000 in Thursday's European session for the first time in more than four years. The Loonie asset strengthens as the US Dollar (USD) extends its rally on firm expectations that President-elected Donald Trump will be able to implement trade and fiscal policies smoothly.FX Street2024-11-14

EUR/CAD Price Forecast: Falls toward 1.4750 as bearish price momentum continues

EUR/CAD extends its losing streak to a fifth consecutive session, trading near the 1.4770 level during early European trading hours on Thursday. Daily chart technical analysis points to waning short-term momentum, with the nine-day Exponential Moving Average (EMA) positioned below the 14-day EMA.FX Street2024-11-14

U.S. Dollar Pulled Back From Yearly Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar moved away from yearly highs amid profit-taking.FXEmpire2024-11-14

USD/CAD holds steady above 1.4050, US Retail Sales data in focus

USD/CAD holds steady above 1.4050, US Retail Sales data in focusFX Street2024-11-14

USD/CAD appreciates to near 1.3950 as traders adopt caution ahead of US CPI figures

USD/CAD moves upwards for the fourth successive session, trading around 1.3960 during the early European hours on Wednesday. The primary factor contributing to the recent weakness in EUR/USD is the strength of the US Dollar (USD) amid optimism surrounding the Trump trades.FX Street2024-11-13

EUR/CAD finds interim support near 1.4800, downside bias stays afloat

The EUR/CAD pair discovers temporary support near the round-level support of 1.4800 in European trading hours on Wednesday. The asset finds an interim cushion.FX Street2024-11-13

Pound to Canadian Dollar Rate Slides on Disappointing UK Jobs Report

At the time of writing the GBP/CAD exchange rate traded at CA$1.7874. Down roughly 0.3% from Tuesday's opening levels.ExchangeRates2024-11-13

U.S. Dollar Tests New Highs After Inflation Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is moving higher as Inflation Rate increased to 2.6%.FXEmpire2024-11-13

USD/CAD Outlook: 1.4000 Remains Elusive as US CPI Fails to Inspire Breakout

USD/CAD has been on a tear since the back end of September, rising some 550 pips over the past 6 weeks. The move coincided with a stronger US Dollar and weaker Oil prices.Action Forex2024-11-13

USD/CAD rises to near 1.4000 on bullish US Dollar, eyes on US PPI da

USD/CAD rises to near 1.4000 on bullish US Dollar, eyes on US PPI daFX Street2024-11-13

USD/CAD 1.40, USD/JPY 155, Dollar Domination Continues to DXY Gap

The post-election run in the US Dollar has continued up to a fresh five-month-high, and a massive spot of resistance potential is now in the picture. I had looked at this in depth in yesterday's webinar and this morning's CPI report helped to fuel the incline as EUR/USD has perched down to a fresh yearly low.Forexcom2024-11-13

USD/CAD rises to near 1.3950 due to Trump's proposed fiscal policies, lower Oil prices

USD/CAD extends its winning streak for the third consecutive day, trading around 1.3950 during the European session on Tuesday. The US Dollar (USD) continues to gain strength following the confirmation of Trump's victory in the US election.FX Street2024-11-12

EUR/CAD Price Forecast: Sees more downside below 1.4800

The EUR/CAD pair trades close to more than a three-month low around 1.4820 in European trading hours on Tuesday. The cross extends its losing streak for the third trading day on Tuesday as the Euro (EUR) remains on the backfoot across the board.FX Street2024-11-12

USD/CAD Price Forecast: Continues to face pressure above 1.3950

The USD/CAD pair gives up half of its intraday gains after facing selling pressure above the key resistance of 1.3950 in the North American session on Tuesday. The Loonie pair surrenders some gains even though the US Dollar (USD) clings to an intraday high, suggesting that the Canadian Dollar (CAD) gains some strength.FX Street2024-11-12

EUR/CAD Price Analysis: Pair facing oversold conditions, correction likely

The EUR/CAD pair witnessed a decline of 0.30% on Tuesday, reaching a low of 1.4785, the lowest level since July. Indicators continued to deteriorate, with both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) pointing towards a bearish trend, indicating increasing selling pressure.FX Street2024-11-12

GBP/CAD Price Prediction: Breaking out of Rising Wedge and falling

GBP/CAD is breaking decisively out of a Rising Wedge pattern and declining quite quickly. FX Street2024-11-12

USD/CAD extends upside to near 1.3950, US CPI data in focus

USD/CAD extends upside to near 1.3950, US CPI data in focusFX Street2024-11-12

US Dollar Forecast: USD/CAD on Cusp of Testing 2022 High

USD/CAD is on the cusp of testing the 2022 high (1.3978) as it pushes above the opening range for November.Forexcom2024-11-12

US Dollar to Range Resistance, EUR/USD to Support, USD/CAD 1.4000

It's been a US-centric drive since last week's election results, with both US equities and the US Dollar jumping in the aftermath of Trump's win.Forexcom2024-11-12

USD/CAD holds comfortably above 1.3900 mark amid notable USD strength

The USD/CAD pair attracts buyers for the second successive day on Monday and sticks to its modest intraday gains, around the 1.3925 region through the first half of the European session. Spot prices draw support from a combination of factors and remain within the striking distance of the highest level since October 2022 retested last week.FX Street2024-11-11

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

U.S. dollar gains ground as traders prepare for Trump's presidency.FXEmpire2024-11-11

USD/CAD strives to break above 1.3950 as US Dollar soars

The USD/CAD pair gathers strength to break above the immediate resistance of 1.3950 in Monday's North American session. The Loonie asset sees more upside as the US Dollar (USD) surges to a fresh four-month high, with the US Dollar Index (DXY) rising to 105.60.FX Street2024-11-11

EUR/CAD Price Forecast: Breaks out of rectangular price pattern and declines

EUR/CAD has broken out of the rectangular price pattern it has been forming since August.FX Street2024-11-11

Pound to Canadian Dollar Week Ahead Forecast: GBP/CAD Tilts Down to 1.79

At the time of writing, GBP/CAD traded at CA$1.7981, down around 0.3% from the start of the week. The Pound (GBP) was muted at the start of last week's session as investors braced for the US presidential election.ExchangeRates2024-11-11

USD/CAD strengthens above 1.3900 as traders await US CPI data

USD/CAD strengthens above 1.3900 as traders await US CPI dataFX Street2024-11-11

USD/CAD Eyes Canadian Jobs Report

The Canadian dollar has steadied on Friday after a roller-coaster week. In the European session, USD/CAD is trading at 1.3889 at the time of writing, up 0.22% on the day.Action Forex2024-11-08

Technical Analysis – USDCAD retains bullish bias above 20-day SMA

USDCAD has been developing above the 20-day simple moving average (SMA) since the bounce off the 1.3815 support level and is trying to regain ground.XM2024-11-08

USD/CAD Price Forecast: Tests nine-day EMA close to 1.3900 within an ascending channel

The USD/CAD pair gains ground to near 1.3880 during the Asian trading session on Friday. On the daily chart, the analysis shows that the pair is consolidating within an ascending channel, suggesting an ongoing bullish bias.FX Street2024-11-08

GBP/CAD Outlook: Pound to Canadian Dollar Rate Muted following BoE

The Pound (GBP) traded in a wide range against its peers on Thursday, muted against the Canadian Dollar (CAD) but down against its riskier peers whilst up against the remainder of its counterparts, following the publication of the Bank of England's latest interest rate decision. As widely expected, the BoE cut interest rates from 5%.ExchangeRates2024-11-08

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

The better-than-expected Michigan Consumer Sentiment report provided support to the American currency.FXEmpire2024-11-08

USD/CAD climbs above 1.3900 as US Dollar bounces back, Canadian job data falters

The USD/CAD pair jumps above the key resistance of 1.3900 in Friday's North American session. The Loonie asset strengthens as the Canadian labor addition data for October came in weaker than expected and the US Dollar (USD) bounces back strongly.FX Street2024-11-08

GBP/CAD Price Prediction: Rising Wedge pattern could be vulnerable to break down

GBP/CAD recovers to trade back inside its Rising Wedge pattern after temporarily falling below the lower boundary line. It remains vulnerable to a downside break.FX Street2024-11-08

USD/CAD, EUR/USD: USD Price Action After the Election & FOMC

It's been a wild week in the US Dollar and there were some major drivers behind the drive. Next week brings fresh inflation data along with retail sales, and FOMC members are free to opine on rate policy as the blackout window has been lifted.Forexcom2024-11-08

USD/CAD trades around 1.3900 after pulling back from all-time highs, awaits Fed decision

USD/CAD retreats from its all-time high of 1.3958, reached in the previous session. The pair trades around 1.3900 during the Asian hours on Thursday.FX Street2024-11-07

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

Forex traders take some profits off the table after U.S. dollar's rally.FXEmpire2024-11-07

USD/CAD Price Forecast: Corrects below 1.3900 as traders brace for Fed's policy decision

The USD/CAD pair corrects below the round-level figure of 1.3900 in Thursday's North American session. The Loonie pair drops after rallying on Wednesday as the US Dollar (USD) faces some unwinding ahead of the Federal Reserve's (Fed) monetary policy decision, which will be announced at 19:00.FX Street2024-11-07

USD/CAD holds steady above 1.3850 as Fed cuts its rates, eyes on Canadian employment report

USD/CAD holds steady above 1.3850 as Fed cuts its rates, eyes on Canadian employment reportFX Street2024-11-07