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

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 Price Forecast: Stuck in range below 1.3600 ahead of Canadian CPI/US Retail Sales

The USD/CAD pair extends its sideways consolidative price move on Tuesday and remains confined in a familiar range held over the past week or so. Spot prices, meanwhile, remain below the 1.3600 mark through the early European session amid a bearish US Dollar (USD), though the downside seems cushioned ahead of the key central bank event risk.FX Street2024-09-17

USD/CAD rises to near 1.3600 due to increasing odds of further BoC interest rate cuts

USD/CAD recovers its recent losses registered in the previous session, trading around 1.3600 during Tuesday's Asian hours. The Canadian Dollar (CAD) might have received downward pressure from growing expectations of further interest rate cuts by the Bank of Canada (BoC).FX Street2024-09-17

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

U.S. dollar is moving higher as Retail Sales exceed analyst expectations.FXEmpire2024-09-17

USD/CAD Steady after Canada's CPI Slips to 2%

The Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today.Action Forex2024-09-17

USD/CAD jumps to near 1.3600 on soft Canadian CPI, upbeat US Retail Sales

The USD/CAD pair climbs above the round-level resistance of 1.3600 in Tuesday's North American session. The Loonie asset strengthens after the release of the soft Canadian Consumer Price Index (CPI) and upbeat United States (US) Retail Sales data for August.FX Street2024-09-17

GBP/CAD Price Forecast: Nearing upper channel line, bearish divergence

GBP/CAD is trending higher in a rising channel, however, it is close to touching the upper trendline of the channel where it is likely to meet firm resistance and will probably pull back down as a consequence. FX Street2024-09-17

USD/CAD remains below 1.3600 due to improved risk sentiment

USD/CAD edges lower to near 1.3580 during the early European hours on Monday as the US Dollar (USD) received downward pressure amid the rising likelihood of the US Federal Reserve opting for an aggressive 50 basis points rate cut at its upcoming monetary policy meeting scheduled for Wednesday.FX Street2024-09-16

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

The American currency is moving lower as Treasury yields pull back.FXEmpire2024-09-16

USD/CAD trades between tepid gains and losses as outlook for both currencies weighs

USD/CAD trades in the 1.3580s, seesawing between tepid gains and losses as both the US Dollar (USD) and the Canadian Dollar (CAD) weaken due to expectations that interest rates will fall more rapidly in both countries compared to their peers. FX Street2024-09-16

Pound to Canadian Dollar Weekly Outlook: GBP/CAD Exchange Rate Buoyed as Loonie Slumps

At the time of writing, GBP/CAD is trading at C$1.7848, having trended broadly higher in the past seven days. The Canadian Dollar retained strength in the first half of the week, trading up against several currencies and sideways against others.ExchangeRates2024-09-16

USD/CAD steadies below 1.3600 despite weak US Dollar

The USD/CAD pair consolidates inside Thursday's range slightly below the round-level resistance of 1.3600 in Friday's European session. The Loonie asset remains sideways despite sheer weakness in the US Dollar (USD), suggesting that the Canadian Dollar (CAD) is also performing weakly.FX Street2024-09-13

Technical Analysis – USDCAD flirts with 200-day SMA again

USDCAD is moving back and forth of the 200-day simple moving average, which is standing marginally beneath the 1.3600 round number. Earlier in the week, the market successfully travelled towards the 1.3620 bar, adding optimism for more bullish actions.XM2024-09-13

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

U.S. Dollar Index settled near the 101.00 level as traders reacted to Michigan Consumer Sentiment report.FXEmpire2024-09-13

USD/CAD Price Forecast: 1.3600 remains key resistance for US Dollar bulls

The USD/CAD pair trades in a tight range below the round-level resistance of 1.3600 in Friday's North American session. The Loonie asset struggles for direction with investors focusing on the Federal Reserve's (Fed) monetary policy meeting, which is scheduled for Wednesday.FX Street2024-09-13

USD/CAD Price Analysis: 200-day EMA acts as key barrier

The USD/CAD pair trades in a tight range near 1.3570 in Thursday's European session after falling from a three-week high near 1.3620 on Wednesday. The Loonie asset could recover sooner as the US Dollar (USD) trades close to a fresh weekly high, with the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trading near 101.80.FX Street2024-09-12

GBP/CAD News: Pound Canadian Dollar Exchange Rate Derailed as UK GDP Stalls

The Pound (GBP) ticked lower against the majority of its peers on Wednesday morning, following the publication of the UK's latest GDP figures. Data released by the Office for National Statistics (ONS) showed that UK economic growth flatlined again in July, missing forecasts for a 0.2% expansion.ExchangeRates2024-09-12

U.S. Dollar Retreats After PPI Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The higher-than-expected PPI and Core PPI reports did not provide support to the American currency.FXEmpire2024-09-12

US Dollar Forecast: USD/CAD Pushes Above September Opening Range

USD/CAD pushed above the opening range for September to register a fresh monthly high (1.3623), but the exchange rate may consolidate over the remainder of week as it snaps the recent series of higher highs and lows.Forexcom2024-09-12

USD/CAD slides below 1.3600 amid rebounding Oil prices, weaker USD ahead of US CPI

The USD/CAD pair struggles to capitalize on the overnight breakout momentum through the very important 200-day Simple Moving Average (SMA) and retreats from a nearly three-week top, around the 1.3615 area touched earlier this Wednesday. Spot prices extend the steady intraday descent through the first half of the European session and drop to the 1.3590-1.3585 region, or a fresh daily low in the last hour.FX Street2024-09-11

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

U.S. dollar gained some ground as Core Inflation Rate exceeded analyst expectations.FXEmpire2024-09-11

Canadian Dollar Short-term Outlook: USD/CAD Rebound Eyes First Hurdle

The US Dollar has rallied more than 1.3% against the Canadian Dollar with USD/CAD testing technical resistance on the heels of the today's US CPI releases. The focus is on a reaction off this mark with the two-week rally vulnerable while below this pivot zone.Forexcom2024-09-11

USD/CAD: CAD picks up a little ground – Scotiabank

The Canadian Dollar (CAD) is moderately firmer on the session as the USD slips back under 1.36 to the high 1.35s, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-09-11

EURCAD Two-Year Bullish Sequence extends from the Blue Box

Hello traders, welcome to another trade review blog post where we discuss setups from the blue box. In this one, we will look at a recent setup on the EURCAD.Action Forex2024-09-11

USD/CAD consolidates above 1.3550 ahead of BoC Macklem's speech, US inflation

The USD/CAD pair stays in a tight range above 1.3550 in Tuesday's European session. The Loonie asset struggles for direction as investors have sidelined ahead of the Bank of Canada (BoC) Governor Tiff Macklem's speech, which is scheduled at 12:25 GMT.FX Street2024-09-10

USD/CAD Price Forecast: Clings to gains above 1.3550 ahead of US inflation, Presidential debate

The USD/CAD pair holds into gains near 1.3550 in Tuesday's North American session. The Loonie asset remains firm as the US Dollar (USD) clings to gains amid uncertainty ahead of the United States (US) presidential debate and the Consumer Price Index (CPI) data for August, which will be published on Wednesday.FX Street2024-09-10

USD/CAD outlook: Loonies tests key resistance as focus turns to US CPI

After initially extending its post-NFP gains on Monday, the US dollar was on the back foot against most major currencies so far in on Tuesday's session. The USD/CAD, however, was a touch firmer at the time of writing.Forexcom2024-09-10

USD/CAD rallies to three-week high as BoC's dovish stance

The USD/CAD rallied to a three-week high above the 200-day moving average (DMA) of 1.3588, gaining 0.36% after bouncing off the daily lows of 1.3553. The rally was weighed by the dovish comments of Bank of Canada (BoC) Governor Tiff Macklem and the drop in oil prices.FX Street2024-09-10

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

The American currency is swinging between gains and losses as traders wait for catalysts.FXEmpire2024-09-10

USD/CAD Price Forecast: Consolidates around 23.6% Fibo., 200-day SMA holds the key for bulls

The USD/CAD pair struggles to capitalize on Friday's strong intraday rally of over 100 pips and oscillates in a narrow trading band, above mid-1.3500s through the first half of the European session on Monday. FX Street2024-09-09

Pound Canadian Dollar (GBP/CAD) 5-Day Forecast: Trends Broadly Higher on BoC Decision Week

... Exchange Rates UK - Exchange Rates and Foreign ExchangeExchangeRates2024-09-09

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

The American currency is moving higher amid lack of strong catalysts.FXEmpire2024-09-09

USD/CAD clings to gains near 1.3550 with US Inflation on horizon

The USD/CAD pair holds onto gains near 1.3550 in Monday's North American session. The Loonie asset trades in a tight range as sheer strength in the US Dollar (USD) has cushioned the downside, while the upside remains restricted by the firm Canadian Dollar (CAD)FX Street2024-09-09

USD/CAD: Little changed on the day – Scotiabank

The CAD is trading close to Friday's closing level and resisting the bounce in the USD that has followed Friday's US jobs data, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-09-09

USD/CAD stalls below 1.3600 due to rising oil prices

The USD/CAD was virtually unchanged during the North American session and traded at around 1.3560 as buyers failed to crack the strong resistance seen at the 200-day moving average (DMA) at 1.3588.FX Street2024-09-09

Canadian Dollar Technical Forecast: USD/CAD Battle Lines at Support

USD/CAD rebounded off confluent support last week with the September opening-range now taking shape just above. The focus is on a breakout of this critical range with major event risk on tap this week.Forexcom2024-09-09

Technical Analysis – USDCAD doubts September's upturn

USDCAD started Friday's NFP session with soft negative momentum after a stagnant day, which prevented the pair from examining its weekly high of 1.3564.XM2024-09-06

USD/CAD Price Forecast: Hangs near weekly low, below 1.3500 ahead of US/Canadian jobs data

The USD/CAD pair attracts sellers for the third straight day and remains depressed below the 1.3500 psychological mark, or the weekly low through the early European session on Friday. FX Street2024-09-06

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Rebounds As Unemployment Rate Drops To 4.2%

U.S. Dollar Index gains ground despite the pullback in Treasury yields.FXEmpire2024-09-06

USD/CAD Slips As U.S. Dollar Struggles Amid Weak Data

On Friday, USD/CAD saw a slight dip of 0.11% as the U.S. dollar struggled to keep pace against its global counterparts.InvestingCube2024-09-06

USD/CAD bounces back strongly to near 1.3500 after US/Canada Employment release

The USD/CAD pair recovers swiftly to near the round-level support of 1.3500 in Friday's American session. The Loonie asset turns volatile after the release of the United States/Canada Employment data for June.FX Street2024-09-06

USD/CAD: CAD drifts around 1.35 – Scotiabank

Canadian jobs data may not matter all that much for the CAD today. The consensus anticipates a “standard” 25k gain in jobs but a small uptick in unemployment (to 6.5%) and still lofty wage growth (4.8%).FX Street2024-09-06

USD/CAD Price Forecast: Holds ground above 1.3500, next barrier appears at nine-day EMA

USD/CAD moves sideways around 1.3510 during European hours on Thursday. Analysis of the daily chart indicates a bearish bias for the USD/CAD pair, as the nine-day Exponential Moving Average (EMA) is positioned below the 14-day EMA.FX Street2024-09-05

USD/CAD holds ground above 1.3500 ahead of US employment data

USD/CAD retraces its recent losses, trading around 1.3510 during the Asian hours on Thursday. The US Dollar (USD) remains solid as traders adopt caution ahead of the release of US ISM Services PMI and Initial Jobless Claims scheduled to be released later in the North American session.FX Street2024-09-05

Pound Canadian Dollar (GBP/CAD) Exchange Rate Trades Higher as BoC Enacts Interest Rate Cut

The Canadian Dollar (CAD) tumbled against Sterling yesterday, yet firmed against the US and Australian Dollars (USD, AUD). The mixed performance followed the Bank of Canada's latest interest rate decision, which took a cautious tone.ExchangeRates2024-09-05

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As ADP Report Misses Estimates

Forex traders bet on dovish Fed, which is bearish for the American currency.FXEmpire2024-09-05

USD/CAD struggles to hold above 1.3500 amid weak US ADP Employment

The USD/CAD pair faces pressures in holding the psychological support of 1.3500 in Thursday's New York session. The Loonie asset senses selling pressure as the United States (US) Automatic Data Processing (ADP) Employment has surprisingly come in weaker-than-expected.FX Street2024-09-05

USD/CAD ignores Ottawa developments – Scotiabank

The Canadian Dollar (CAD) is unchanged on the session after shrugging off domestic developments with ease yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-09-05

CAD/JPY weakens for third straight day after BoC cuts interest rates, weakness in Oil

CAD/JPY trades a quarter of a percent lower in the 106.10s on Thursday, as the Canadian Dollar (CAD) weakens from a combination of falling Oil prices – crude is the country's largest export – and expectations the Bank of Canada (BoC) will continue cutting interest rates after a 0.25% reduction at its September meeting. Lower interest rates are negative for a currency as they reduce foreign capital inflows.FX Street2024-09-05

USD/CAD consolidates near 1.3550 ahead of BoC's monetary policy decision

The USD/CAD pair trades sideways near 1.3550 in Wednesday's European trading hours. The Loonie asset struggles for direction as investors await the Bank of Canada's (BoC) interest rate decision, which will be announced at 13:45 GMT.FX Street2024-09-04

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As JOLTs Job Openings Miss Expectations

The weaker-than-expected job market data put pressure on the American currency.FXEmpire2024-09-04

USD/CAD falls below 1.3550 on expected BoC rate cuts, weak US Job Openings

The USD/CAD pair drops sharply below the crucial support of 1.3550 as the Bank of Canada (BoC) reduces its key borrowing rates by 25 basis points (bps) for the third straight time, pushing them lower to 4.25%.FX Street2024-09-04

USD/CAD: BoC to deliver a rate cut – Société Generale

USD/CAD has recently broken the trend line drawn since February resulting in an extended pullback, Société Generale market analysts note.FX Street2024-09-04

USD/CAD rises to near 1.3550 as traders assess ISM Manufacturing PMI

USD/CAD extends its gains for the second consecutive day, trading around 1.3520 during the early European hours on Tuesday. This upside of the USD/CAD pair is attributed to the improved US Dollar (USD) amid decreasing odds of an aggressive interest rate cut by the US Federal Reserve rate in September.FX Street2024-09-03

EUR/USD, GBP/USD, AUD/USD, USD/CAD, Gold, Oil Weekly Technical Outlook

In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), 10yr Treasury Yields, Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), CAD/CHF, Crude Oil (WTI), S&P 500 (SPX500), Nasdaq (NDX) and the Dow Jones (DJI). These are the levels that matter on the technical charts heading into the weekly open.Forexcom2024-09-03

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground Despite Weak PMI Data

U.S. Dollar Index is moving higher as traders ignore the pullback in Treasury yields.FXEmpire2024-09-03

USD/CAD Price Forecast: Jumps to near 1.3550

The USD/CAD pair climbs to near 1.3550 in Tuesday's North American session. The Loonie asset gains sharply as the Canadian Dollar (CAD) weakens amid uncertainty ahead of the Bank of Canada's (BoC) monetary policy meeting, which will be announced on Wednesday.FX Street2024-09-03

USD/CAD: BoC policy decision is expected to result in a 25bps – Scotiabank

The Canadian Dollar (CAD) is losing ground in line with the core majors so far today and is outperforming its commodity cousins (AUD and NZD) by a fair margin as a result, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-09-03