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 Analysis: Corrects from 1.3800 as US Dollar's rally stalls ahead of Fed's decision

The USD/CAD pair drops to 1.3740 in Wednesday's European session after failing to recapture the round-level resistance of 1.3800 on Tuesday. The Loonie asset corrects as firm recovery of almost 1.40$ in the US Dollar Index (DXY) appears to be stalling due to uncertainty ahead of the United States (US) Consumer Price Index (CPI) data for May and the Federal Reserve's (Fed) interest rate decision, which are scheduled in the North American session.FX Street2024-06-12

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Falls As Inflation Rate Drops To 3.3%

U.S. Dollar Index is under strong pressure as traders react to U.S. inflation data.FXEmpire2024-06-12

GBP/CAD Touches Multi-Year Highs

At the time of writing GBP/CAD was trading at CAD$1.7244, up approximately 0.2% from Tuesday's opening rate. The Canadian Dollar (CAD) faced headwinds on Tuesday amid a lack of fresh domestic data.ExchangeRates2024-06-12

Additional News:

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 appreciates to near 1.3750 due to lower Oil prices

USD/CAD continues its winning streak for a third successive session, trading around 1.3760 during the European hours on Tuesday. US Dollar (USD) remains strong as investors adopt cautious stance ahead of the Federal Reserve's (Fed) interest rate decision scheduled on Wednesday.FX Street2024-06-11

Pound Canadian Dollar Exchange Rate News, Forecast: Flat amid Downbeat Market Mood

At the time of writing, GBP/CAD traded at around CA$1.7517, showing little movement from Monday's opening rates. The Pound (GBP) struggled against most major peers, as a downbeat market mood weighed on the increasingly risk sensitive currency.ExchangeRates2024-06-11

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs Ahead Of Fed Decision

Forex traders stay bullish on U.S. dollar ahead of the key event of the week.FXEmpire2024-06-11

USD/CAD Price Analysis: Rises to 1.3800 ahead of US CPI and Fed's policy decision

The USD/CAD pair jumps to near the round-level resistance of 1.3800 in Tuesday's American session. The Loonie asset strengthens as the US Dollar (USD) rises to the monthly high.FX Street2024-06-11

USD/CAD Price Analysis: Hovers above 1.3750, barrier at upper boundary of the channel

USD/CAD holds its position around 1.3760 during the early European session on Monday following the recent gains recorded in the previous trading day. Analysis of the daily chart suggests an emergence of a bullish bias for the USD/CAD pair, as it moves within the rising channel pattern.FX Street2024-06-10

Pound to Canadian Dollar Week Ahead Forecast: GBP/CAD Extends Gains following BoC Decision

... Exchange Rates UK - Exchange Rates and Foreign ExchangeExchangeRates2024-06-10

USD/CAD gathers strength to recapture 1.3800 ahead of Fed policy

The USD/CAD pair clings to gains near 1.3770 in Monday's New York session. The Loonie asset aims to extend upside as the US Dollar (USD) remains firm due to diminished Federal Reserve (Fed) rate-cut bets for the September meeting.FX Street2024-06-10

Technical Analysis – USDCAD holds within recent range

USDCAD has been swinging sideways over the past two weeks between 1.3740 and 1.3600, unable to reverse the short-term downtrend from April's peak of 1.3844.XM2024-06-07

USD/CAD Price Analysis: Consolidates around 1.3650 within a horizontal channel

USD/CAD retraces its recent losses, trading around 1.3670 during the early European hours on Friday. Analysis of the daily chart suggests a sideways direction for the USD/CAD pair, as it remains within a horizontal channel pattern.FX Street2024-06-07

Pound to Canadian Dollar Exchange Rate Jumps to Four-Year Best After BoC Rate Cut

At the time of writing the GBP/CAD exchange rate was trading at CA$1.7501. Virtually unchanged from the start of the European trading session on Thursday.ExchangeRates2024-06-07

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Rallies As Non Farm Payrolls Exceed Expectations

Forex traders bet on hawkish Fed, which is bullish for the American currency.FXEmpire2024-06-07

USD/CAD Price Analysis: Threatening to break out of triangle price pattern

USD/CAD is pushing up against the upper borderline of a large symmetrical triangle price pattern, threatening to break out to the upside. FX Street2024-06-07

USD/CAD Price Analysis: Recovers intraday losses as US Dollar rebounds with US NFP looms

The USD/CAD pair bounces back from the day's low of 1.3666 in Thursday's London session. The Loonie asset rebounds as the US Dollar recovers intraday losses.FX Street2024-06-06

USD/CAD Faces Volatile Week

This week, the USD/CAD currency pair will be influenced by numerous events and economic statistics in Canada and the United States, which could impact its direction.FXEmpire2024-06-06

USD/CAD edges lower to near 1.3650 due to improved risk appetite, higher Oil prices

USD/CAD retreats after two days of gains, trading around 1.3680 during the Asian session on Thursday. The US Dollar (USD) struggled after mixed economic data was released in the United States (US), which fueled interest rate cut speculations by the US Federal Reserve (Fed).FX Street2024-06-06

Pound Canadian Dollar Exchange Rate Forecast: GBP/CAD Movement Limited on BoC Decision Day

The Pound Canadian Dollar (GBP/CAD) exchange rate found minimal support on Wednesday, as the Bank of Canada (BoC) cut interest rates. As the rate cut was forecast, however, the impact upon exchange rates was limited.ExchangeRates2024-06-06

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Initial Jobless Claims Rise

The ECB Interest Rate Decision provided some support to the European currency.FXEmpire2024-06-06

USD/CAD advances toward 1.3700 ahead of US data, BoC policy meeting

The USD/CAD pair rises toward the round-level resistance of 1.3700 in Wednesday's European session. The Loonie asset ticks higher ahead of the Bank of Canada's (BoC) interest rate policy in which it is expected to announce a rate-cut decision of 25 basis points (bps).FX Street2024-06-05

USD/CAD Price Analysis: Maintains position above 1.3650 due to weakening bearish bias

USD/CAD treads water to continue its gains for the second consecutive session, trading around 1.3680 during the European hours on Wednesday. Analysis of the daily chart suggests a bearish bias for the USD/CAD pair, as it remains within a descending channel.FX Street2024-06-05

USD/JPY, USD/CAD implied volatility perks up, BOC and ISM up next

The risk-off tone that kicked off the week continued to make waves on Tuesday, sending commodities and yields lower, although Wall Street indices remain reluctant to fully roll over. We are now approaching a binary data point from the US today via the ISM services report.Forexcom2024-06-05

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As ISM Services PMI Beats Expectations

Forex traders ignored falling Treasury yields and focused on the strength of the U.S. services sector.FXEmpire2024-06-05

USD/CAD rises after BoC cuts interest rates, US Services PMI rises

USD/CAD trades higher by about 0.2% in the 1.3700s on Wednesday after the Bank of Canada (BoC) governing council decides to reduce its key interest rate by 0.25% to 4.75%, following its June policy meeting. The decision weighs on the Canadian Dollar (CAD) since lower interest rates attract less foreign capital inflows.FX Street2024-06-05

USDCAD: Influence of Linear Regression Channel and BoC

The BoC has maintained its official interest rate at 5.0% since July 2023, and markets expect it to cut its overnight rate by 25 basis points (bps) to 4.75% due to signs of cooling inflation in Canada. This decision will highlight the monetary policy divergence between the BoC and the Fed, potentially boosting the USD.Action Forex2024-06-05

USD/CAD forecast: Investors eye BOC and ISM PMI ahead of NFP

After a data-driven slump on Monday, the US dollar has shown slight strength against most major currencies, remaining positive territory as of mid-morning in the European session on Wednesday. The second half of the week will be busier for the greenback, with numerous top-tier data releases expected.Forexcom2024-06-05

Technical Analysis – AUDCAD consolidates above key support zone

AUDCAD has been trading in a sideways manner since May 15, staying between the key support of 0.9045 and the 0.9125 resistance. In the bigger picture, the pair remains above the upper bound of an upward sloping channel, as well as above all three of the plotted moving averages, which means that the bulls could take charge again very soon.XM2024-06-05

USD/CAD Price Analysis: Rises toward 1.3700 despite a bearish bias

USD/CAD halts its three-day losing streak, trading around 1.3680 during the European hours on Tuesday. The appreciation of the pair is attributed to the decline in crude Oil prices, given the fact that Canada is the largest Oil exporter to the United States (US).FX Street2024-06-04

Pound Canadian Dollar Exchange Rate Firms amid Canada's Manufacturing Downturn

At the time of writing the GBP/CAD exchange rate was trading at CAD$1.7398, up approximately 0.2% from Monday's opening rate. The increasingly risk-sensitive Pound (GBP) edged higher against its safer rivals on Monday amid an increasing appetite for risk.ExchangeRates2024-06-04

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Traders Focus On JOLTs Report

Falling Treasury yields did not put any pressure on the American currency.FXEmpire2024-06-04

USD/CAD aims to surpass 1.3700 ahead of BoC policy and US NFP

The USD/CAD pair finds temporary resistance near the round-level barrier of 1.3700 in Tuesday's New York session. The Loonie asset is poised to deliver more upside as investors expect the Bank of Canada (BoC) to announce a rate-cut decision in its monetary policy meeting on Wednesday.FX Street2024-06-04

USD/CAD Faces Volatile Week

This week, the USD/CAD currency pair will be influenced by numerous events and economic statistics in Canada and the United States, which could impact its direction.FXEmpire2024-06-03

USD/CAD advances to 1.3650 as US Dollar recovers, BoC policy in focus

The USD/CAD pair jumps to 1.3660 in Monday's European session. The Loonie asset strengthens as the US Dollar (USD) extends recovery due to uncertainty among market participants ahead of a United States (US) data-packed week.FX Street2024-06-03

USD/CAD trades with modest losses below 1.3650, eyes on Canadian/US PMI data

USD/CAD trades with modest losses below 1.3650, eyes on Canadian/US PMI dataFX Street2024-06-03

Pound Canadian Dollar (GBP/CAD) 5-Day Forecast: Pivots on US Central Bank Forecasts

The Pound Canadian Dollar (GBP/CAD) exchange rate inched higher through the majority of last week's session but crashed during Friday's Asian session as markets' attention turned to the latest US PCE price index. The prospect of sustained inflationary pressures in the US stoked fears of hawkish policy action from the Federal Reserve,.ExchangeRates2024-06-03

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As ISM Manufacturing PMI Misses Expectations

U.S. Dollar Index tests weekly lows as traders focus on the disappointing ISM Manufacturing PMI report.FXEmpire2024-06-03

Weekly Technical Outlook – USDJPY, EURUSD, USDCAD

The Fed is not expected to cut interest rates before September according to futures markets, and although the wolves of Wall Street are not fond of this scenario, the US dollar can enjoy more winning moments in FX markets.XM2024-06-03

USD/CAD forecast: Currency Pair of the Week – June 3, 2024

The US dollar was a little stronger against most major currencies except the yen during the early European trade. It will be a busy week for the greenback with lots of top-tier data releases to come, starting with the ISM manufacturing PMI on Monday.Forexcom2024-06-03

Instrument of the Week (June 3—7): EURCAD Outlook

The EURCAD pair represents the exchange rate between the Euro and the Canadian Dollar and is a vital measure of the relative economic health of the Eurozone and Canada. The Euro value is influenced mainly by economic activities and monetary policies within the Eurozone, including fiscal stability and economic growth rates of member countries such as Germany and France.Action Forex2024-06-03

USD/CAD declines to 1.3650 as US Dollar retreats with US core PCE Inflation in focus

The USD/CAD pair extends its downside to 1.3650 in Friday's European session. The Loonie asset comes under pressure as the US Dollar struggles to gain ground despite uncertainty ahead of the United States core Personal Consumption Expenditure Price Index (PCE) data for April, which will be published at 12:30 GMT.FX Street2024-05-31

GBP/USD Dips While USD/CAD Eyes More Gains

On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2800 zone after a decent increase, as mentioned in the previous analysis. The British Pound traded below the 1.2740 support to again move into a short-term bearish zone against the US Dollar.Action Forex2024-05-31

Technical Analysis – USDCAD meets uptrend line again and again

USDCAD has been rebounding off the medium-term ascending trend line over the last couple of weeks, remaining in a positive territory. However, the pair is also finding strong resistance around the 1.3740 barricade with the short-term simple moving averages (SMAs) suggesting a potential bearish crossover.XM2024-05-31

Pound Canadian Dollar (GBP/CAD) Exchange Rate Forecast: Near Multi-Year High

At the time of writing the GBP/CAD exchange rate was trading at CAD$1.7434, virtually unchanged from Thursday's opening rate. The Pound (GBP) fluctuated against its major rivals on Thursday amid an ongoing lack of fresh UK releases.ExchangeRates2024-05-31

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Rebounds From Session Lows

U.S. Dollar Index is trying to settle back above the support at 104.40 – 104.60.FXEmpire2024-05-31

USD/CAD remains on backfoot after steady US PCE Inflation and Canada's weak GDP

The USD/CAD pair remains vulnerable near 1.3630 as the United States Bureau of Economic Analysis (BEA) has reported that the Personal Consumption Expenditure Price Index (PCE) report for April was broadly in line with market expectations.FX Street2024-05-31

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY, Gold

The weekly bar of the US Dollar is currently showing as a spinning top but that doesn't really tell the story of the currency's price action. Last week showed a strong response to resistance at the 105-105.13 zone, which led to a fast snap back that held through this week's open.Forexcom2024-05-31

USD/CAD Price Analysis: Strengthens after Descending Triangle breakout

The USD/CAD pair extends its upside to 1.3730 in Thursday's London session. The Loonie asset strengthens as investors expect that Bank of Canada (BoC) will start reducing interest rates from the June meeting.FX Street2024-05-30

USD/CAD advances toward weekly high near 1.3740 amid firm US Dollar

The USD/CAD pair establishes itself above the round-level resistance of 1.3700 in Thursday's Asian session. The Loonie asset aims to recapture weekly high near 1.3740 as the US Dollar strengthens.FX Street2024-05-30

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Treasury Yields Fall

U.S. dollar found itself under pressure as traders reacted to U.S. economic reports.FXEmpire2024-05-30

Forex Seasonality – June 2024: Potential for EUR/USD and AUD/USD Rallies, USD/CAD Drop

The beginning of a new month marks a good opportunity to review the seasonal patterns that have influenced the forex market over the 50+ years since the Bretton Woods system was dismantled in 1971, ushering in the modern foreign exchange market.Forexcom2024-05-30

USD/CAD Recovers Ahead of Monthly Low to Preserve Ascending Channel

USD/CAD bounced back ahead of the monthly low (1.3590) to hold within the ascending channel from earlier this year, but the exchange rate may face range bound conditions if it clear the monthly high (1.3784).Forexcom2024-05-30

USD/CAD climbs to near 1.3700 as US Dollar extends recovery amid dismal market mood

The USD/CAD pair jumps to near the round-level resistance of 1.3700 in Wednesday's New York session. The Loonie asset strengthens as the US Dollar extends recovery.FX Street2024-05-29

USD/CAD extends downside to 1.3600 amid soft US Dollar

The USD/CAD pair drops further to near the round-level support of 1.3600 in Tuesday's Asian session. The Loonie asset is under pressure as the US Dollar (USD) weakens even though traders seethe Federal Reserve (Fed) keeping interest rates steady in the September meeting.FX Street2024-05-28

Pound to Canadian Dollar Week Ahead Forecast: GBP/CAD Soars despite Mixed UK Data, Election Announcement

The British Pound firmed against the Canadian Dollar last week in spite of disappointing retail and PMI data, as core inflation eased in Canada. At the time of writing, GBP/CAD is trading at C$1.7446, having traded approximately 1.1% higher in the past seven days.ExchangeRates2024-05-28

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back Despite Rising Treasury Yields

The strong CB Consumer Confidence report did not provide sufficient support to the American currency.FXEmpire2024-05-28

USD/CAD finds interim support near 1.3600 as focus shifts to US core PCE Inflation data

The USD/CAD pair finds a temporary cushion near the round-level support of 1.3600 in Tuesday's New York session. The Loonie asset finds buying interest as the US Dollar shows some signs of recovery after posting fresh weekly low.FX Street2024-05-28

Canadian Dollar Forecast: USD/CAD Bounces from 1.3600 Support, Key Data Looms

The FX market remains relatively quiet on the first “real” trading day of the week, with a touch of broad strength in the US dollar standing out as the most notable development. The rally in the greenback is being driven by rising US Treasury yields, which in turn can be chalked up to two key developments.Forexcom2024-05-28

Pound Canadian Dollar (GBP/CAD) Flat Despite Upbeat UK Retail Data

At the time of writing, GBP/CAD traded at around CA$1.7426, showing little movement from Tuesday's opening rates. The Pound (GBP) struggled to attract significant support during Tuesday's session, despite upbeat retail sales data from the Confederation of British Industry (CBI).ExchangeRates2024-05-28