Currency Exchange Toronto

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47,000+ Customers

200,000+ Transactions

300 Million+ Exchanged



Since 2012

License: M11432814


Branch Information

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

Saturday: 10:00 am - 4:00 pm

Sunday: 11:00am - 3:00 pm

yonge.sheppard@currencymart.net

Today's Forex News

USD/CAD Price Forecast: Tests 1.3800 support after pulling back from nine-day EMA

The USD/CAD pair retraces its gains registered in the previous session, trading around 1.3810 during the early European hours on Friday. However, technical analysis on the daily chart suggests a potential bullish shift in market sentiment, as the pair attempts to break above the descending channel pattern.FX Street2025-05-02

USD/CAD dips as easing trade tensions and soft US data weigh on Greenback

The USD/CAD is trading with losses around the 1.3800 level on Friday, as the pair continues to retreat from the prior session's highs. The move comes as the US Dollar weakens broadly across the board after a failed attempt to reclaim the 100.00 mark on the US Dollar Index (DXY).FX Street2025-05-02

U.S. Dollar Retreats Despite Strong Non Farm Payrolls Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Rising Treasury yields did not provide any support to the American currency today.FXEmpire2025-05-02

EUR/CAD Price Analysis: Euro steadies near 1.5600 as bulls hold longer-term edge

The EUR/CAD pair hovered near the 1.5600 zone on Friday after the European session, showing little change on the day but maintaining a steady bullish bias overall. Price action remains confined to the middle of the daily range, reflecting ongoing consolidation.FX Street2025-05-02

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 $4 for 30 minutes. We are at L1 level

Parking Entrance at Doris & Greenfield

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 actives, because most manufacturing business sell their products to United States and get paid by us dollars. In addition, purchasing property, vehicle, pay tuition 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 volumne for a Canadian currency exchange broker. For some province, the percentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.

Service Area

Currency Exchange Yonge and Steeles

Currency Exchange Toronto North York Currency Mart is about 2 blocks south of Yonge and Steeles, right at the interaction of Yonge and Sheppard.

Located at the center of Toronto, Currency Exchange Toronto North York Currency Mart services residents of Toronto and near by cities

Currency Exchange Businesses near Yonge and Steel

  • Rosco Trading

Yonge and Steeles Currency Exchange Customers

Local residents and new immigrants

Yonge and Steeles Currency Exchange Amount

A few thousands

Yonge and Steeles Currency Exchange Popular Currencies

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

Currency Exchange Yonge and Finch

Currency Exchange Toronto North York Currency Mart is about 1 block south of Yonge and Finch, right at the interaction of Yonge and Sheppard.

Located at the center of Toronto, Currency Exchange Toronto North York Currency Mart services residents of Toronto and near by cities

Currency Exchange Businesses near Yonge and Finch

  • Interchange Financial
  • Everforex

Yonge and Finch Currency Exchange Customers

Local residents and new immigrants

Yonge and Finch Currency Exchange Amount

A few thousands

Yonge and Finch Currency Exchange Popular Currencies

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

Currency Exchange Yonge and Lawrence

Currency Exchange Toronto North York Currency Mart is about 1 block noth of Yonge and Lawrence, right at the interaction of Yonge and Sheppard.

Located at the center of Toronto, Currency Exchange Toronto North York Currency Mart services residents of Toronto and near by cities

Currency Exchange Businesses near Yonge and Finch

  • None

Yonge and Lawrence Currency Exchange Customers

Local residents

Yonge and Lawrence Currency Exchange Amount

A few thousands up to 100K

Yonge and Lawrence Currency Exchange Popular Currencies

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

Currency Exchange Yonge and Eglinton

Currency Exchange Toronto North York Currency Mart is about 2 block south of Yonge and Eglinton, right at the interaction of Yonge and Sheppard.

Located at the center of Toronto, Currency Exchange Toronto North York Currency Mart services residents of Toronto and near by cities

Currency Exchange Businesses near Yonge and Finch

  • Ultimate currency exchange

Yonge and Eglinton Currency Exchange Customers

Local residents.

Yonge and Eglinton Currency Exchange Amount

A few thousands

Yonge and Eglinton Currency Exchange Popular Currencies

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

Everything You Need to Know about Exchange Currencies in Toronto

Toronto, Canada's bustling metropolis, is not only a melting pot of cultures but also a significant financial hub. With its vibrant economy, the city attracts tourists, business travelers, and international students alike, all of whom face the common task of currency exchange. Understanding the nuances of currency exchange in Toronto can save one time and money, making the financial aspect of your visit or life in Toronto smoother and more manageable.

Currency Exchange in Toronto: An Overview

Currency exchange is an essential service for anyone dealing with money across borders. Whether it's for paying international tuition fees, travel expenses, or business transactions, getting the best exchange rate can significantly impact your finances. Toronto, with its diverse financial services, offers numerous options for currency exchange, from banks to specialized bureaus like Currency Mart. These services cater to a wide range of needs, offering competitive rates, various currencies, and tailored services to ensure customers get the most out of their exchange.

Choosing the Right Currency Exchange Service

When it comes to currency exchange in Toronto, the options are plentiful, but not all are created equal. Factors such as exchange rates, service fees, and transaction speed play crucial roles in selecting the right service. Currency Mart, for instance, stands out by offering over 51 foreign currencies, with large orders ready in just 2 hours, and up to 2% savings compared to banks. This makes it an attractive option for those looking to exchange large amounts of money efficiently and at a favorable rate.

How to Get the Best Exchange Rate

Securing the best exchange rate requires a bit of strategy. Firstly, timing is crucial; exchange rates fluctuate, so monitoring these changes can help you exchange your money when rates are favorable. Additionally, services like Currency Mart offer online rate comparisons, allowing customers to check and compare rates in real-time, ensuring they get the best deal available.

Services Offered by Currency Exchange Outlets

Beyond just exchanging currency, outlets like Currency Mart provide a suite of services to facilitate your financial transactions. Online exchanges, currency converter tools, and even home delivery options are available, catering to the modern consumer's needs. Moreover, with customer service options like live chat and email support, customers can receive assistance and answers to their queries promptly, enhancing the overall service experience.

Locations and Operating Hours

For those in downtown Toronto, Currency Mart's location is conveniently situated to serve your currency exchange needs. With operating hours designed to accommodate busy schedules and knowledgeable staff on hand, accessing currency exchange services has never been easier.

Where Can I Get the Best Exchange Rate in Toronto?

The best exchange rates can usually be found at specialized currency exchange bureaus like Currency Mart. These outlets often offer more competitive rates than banks, especially for large transactions. It's advisable to compare rates online and check for any additional fees or charges that may apply.

Banks vs. Currency Exchange Dealers: Which is Better?

While banks are a traditional choice for many, currency exchange dealers often provide better rates and faster services. Dealers like Currency Mart specialize in currency exchange, offering a wider range of currencies and tailored services that banks may not provide.

How Much Money Should I Exchange Before Departure?

It's wise to exchange a small amount to cover initial expenses such as transportation from the airport and meals. Once settled, you can look for local currency exchange services for better rates on larger amounts.

Practical Tips for Currency Exchange

To ensure you're getting the most out of your currency exchange experience in Toronto, consider these practical tips:

Planning Ahead for Travel Money

Avoid last-minute exchanges at airports or tourist spots, where rates are less favorable. Planning ahead allows you to explore the best options and secure better rates.

Understanding Exchange Rate Fluctuations

Exchange rates can vary significantly, influenced by economic factors, market demand, and geopolitical events. Monitoring these rates can help you choose the best time to exchange money. Tools and services provided by currency exchange outlets like Currency Mart can be invaluable in this regard.

Utilizing Online Resources

Many currency exchange services offer online rate comparisons, currency converter tools, and even options for online exchange and home delivery. Taking advantage of these resources can save you time and money, allowing for a more convenient exchange process.

External Links

Banks, standlone currency exchange dealers,kiosks, ATMs are the most common options for exchanging your currencies. Each of them has pros and cons.

  • Banks

    Many banks in Toronto offer currency exchange services. Limitations are that banks may deal with their clients only, which means you need to have a bank account with them. In addition, banks only deal major currencies, such as US and Euro dollar, but rare currencies, banks don't get hands on it. Finally, banks usually do not pay right the way, take 3 -5 days to get paid is common.

  • Currency Exchange Dealers

    Currency exchange dealers are organizations or individuals who buy and sell different currencies, either physically or through electronic means. They provide a service to people who need to convert one currency into another, such as travelers, business owners, and investors. These dealers usually make money by charging a fee or by taking advantage of the difference in exchange rates. Some common examples of currency exchange dealers include Currency Mart, Calforex, Interchange, Kantor.

  • Currency Exchange Kiosks

    Currency exchange kiosks are commonly found in tourist areas and airports. They typically offer competitive exchange rates but may charge a fee for their services.

  • ATM

    To exchange currency at an ATM, you will typically need a debit or credit card that is linked to an account in your home country. Most ATM machines will allow you to withdraw cash in the local currency, but the exchange rate may not be the best available. It's also possible to incur additional fees for using a foreign ATM. To avoid these fees, you can check with your bank or card issuer to see if they have any partnerships with local banks. Additionally, you can compare exchange rates at different ATMs before making a withdrawal to get the best rate.

  • Retailers

    Some local retailers can accept foreign cash payment, but the rate is not favourable to you.

To compare currency exchange dealers, you can consider the following factors:

  • Exchange Rates

    Compare the exchange rates offered by different dealers to ensure you get the best rate.

  • Fees

    Check the fees charged by each dealer, including any transaction fees or hidden charges.

  • Payment Options

    Check the payment options offered by each dealer, including cash, credit/debit cards, and bank transfers.

  • Customer Service

    Consider the level of customer support offered by each dealer, including phone and email support.

  • Reputation

    Look for reviews from other customers to gauge each dealer's reputation for providing good service and a fair exchange rate.

  • Security

    Ensure that each dealer follows proper security protocols to protect your personal and financial information.

Yes, some dealers offer better exchange rate for small denominations, since small bills are easy to sell. When bring foreign cash to Toronto, try to avoid the largest denomination

Yes, exchange rates can vary depending on the amount being exchanged. For larger transactions, some banks or currency exchange services may offer a better exchange rate as compared to exchanging smaller amounts. Additionally, exchange rates can fluctuate on a daily basis, and the rate for a specific amount can be different at different times.

Yes, most retailers and ATMs can take your foreign debit card. When you spend money, payment processing banks convert your foreign currency to local currency to pay retailers.

No, about 80 currencies are free of trade. The rest currencies are restricted.

There are several reasons why you should avoid using private currency exchanges:

  • Lack of regulation: Private currency exchanges are often not regulated, which means that they may not be operating in a transparent or secure manner.
  • Risk of fraud: Without proper regulation, there is a higher risk of fraud, such as the exchange disappearing with your money or not honoring its promises.
  • Lack of protection: If anything goes wrong, you may not have any legal recourse or protection for your funds.
  • Volatility: Private currency exchanges can be volatile and prices can fluctuate rapidly, leading to potential losses.
  • Complexity: Private currency exchanges can be difficult to use, especially for those who are not familiar with the technology and market conditions.

It is generally recommended to use regulated exchanges, such as those that are registered with financial authorities, for a safer and more secure experience.

To avoid counterfeit bills, follow these guidelines:

  • Familiarize yourself with the security features of genuine bills, such as watermarks, security threads, and color-shifting inks.
  • Feel the texture of the paper, as genuine currency is printed on special paper that has a unique texture.
  • Look for small details, such as the spacing between letters and numbers, as counterfeiters often make mistakes in these areas.
  • Hold the bill up to the light to check for a watermark and security thread.
  • Use a counterfeit detection pen, which will detect the presence of starch in genuine currency and the absence of starch in counterfeit bills.
  • Always be cautious when accepting large denominations, especially if the bill appears worn or damaged.
  • Consider investing in a professional-grade counterfeit detection machine.

It's important to remain vigilant and aware of potential counterfeit bills, but it's also important to not discriminate or refuse a legitimate bill just because of its appearance.

Currency Exchange Toronto - FAQ

Currency exchange is a crucial aspect of international travel and business transactions, and when it comes to finding the best rates and services in Toronto, it's essential to have a comprehensive understanding of the market. This guide aims to provide you with valuable insights and tips to navigate the currency exchange landscape in Toronto effectively. Whether you're a traveler or a local resident, understanding where to find competitive rates, reliable services, and essential considerations will ensure you make the most of your currency exchange transactions. In this article, we will cover the top currency exchange options in Toronto, factors to consider when choosing a provider, tips for getting the best rates, and frequently asked questions.

The Importance of Currency Exchange in Toronto

Toronto, being a vibrant multicultural city and a popular destination for travelers and businesses alike, attracts a significant number of international currency exchange transactions. Whether you're visiting for tourism, studying, or conducting business, exchanging your currency to Canadian dollars is a necessity. Understanding the importance of currency exchange rates, fees, and services can help you save money and make informed decisions.

Top Currency Exchange Options in Toronto

In this section, we will explore the best currency exchange options available in Toronto. This includes traditional banks, independent currency exchange bureaus, and online currency exchange platforms. We will discuss their pros and cons, exchange rate transparency, fees, customer reviews, and locations to help you make an informed choice.

Factors to Consider When Choosing a Currency Exchange Provider

Choosing the right currency exchange provider can significantly impact the value you receive for your money. In this section, we will discuss essential factors to consider, such as exchange rates, fees, convenience, security, customer service, and credibility. By evaluating these factors, you can select a reliable provider that offers competitive rates and exceptional service.

Tips for Getting the Best Currency Exchange Rates in Toronto

Getting the best currency exchange rates in Toronto requires a combination of knowledge and strategic planning. In this section, we will share practical tips and techniques to help you maximize your currency exchange transactions. These include monitoring exchange rates, choosing the right time to exchange, avoiding unnecessary fees, considering alternative options, negotiating rates, and utilizing online platforms for comparison and better deals.

Frequently Asked Questions about Currency Exchange in Toronto

This section will address common questions related to currency exchange in Toronto. It will cover topics such as identification requirements, maximum transaction limits, best practices for carrying and exchanging currency, exchanging large sums, and handling exotic currencies. By addressing these frequently asked questions, we aim to provide clarity and guidance to readers seeking information on currency exchange in Toronto.

Conclusion

Currency exchange is a crucial element of international travel and financial transactions, and finding the best rates and services in Toronto is essential for optimizing your financial transactions. By considering the factors discussed in this guide, you can make informed decisions and secure competitive rates. Remember to evaluate different currency exchange providers, compare rates, and stay updated with market trends to ensure you receive the best value for your money. Whether you're a traveler or a local resident, the insights and tips provided in this guide will empower you to navigate the currency exchange landscape in Toronto with confidence.

Currency exchange is an integral part of international transactions, and finding the best rates and services in Toronto requires careful consideration and research.

Foreign exchange dealers who have retail shops in shopping malls, city centers and border crossings are the best places to exchange foreign currency, but please avoid foreign exchange kiosks at airports, hotels and tourist hotspots.

These dealers target local residents as their customers, offer better than banks’ exchange rate and longer service hours. The most attractive advantage is they have foreign currency in stock and you can get it right the way.

Foreign exchange dealers at airports, hotels, and tourist hotspots target visitors. Since the exchange amounts are usually small, the rate and fees are very high.

All banks in Canada do currency exchange, but please be aware of the following restrictions.

Firstly, most Canadian banks only deal with customers who have bank accounts with them.

Secondly, most Canadian banks do not keep foreign currency in their branches, and take about 3-5 business days to bring foreign currency in and give it to customers.

Finally, usually bank charges are more than credit unions and individual foreign exchange dealers.

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

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 and asking for a quote can get you the best exchange.

Figure out a way to find someone who needs the currency you have and has the currency you want and willing to trade a certain amount at the current rate of this moment, is the cheapest way to exchange currency.

For currency exchange under $3000 Canadian, there is no ID requirement for first time customers.

For exchange amount over $3000 Canadian, any government issued ID with a unique identification number is acceptable.

Yes, you can. Banks will convert your foreign currency into the currency of your account base on their retail exchange rate, which usually is really really terrible.

Our rates are not as same as other Toronto currency exchange dealers. Each dealer set up its owner currency exchange rates based on the mid-market rates and adjusted the mark up according to its inventory level and other factors. One thing for sure is since our mark up are lower than banks, the currency exchange rates we offer are better than banks.

Google or their media posts the mid-market exchange rate, which is the average number between a buy in rate and a sell out rate. The mid-market rate is a good reference number for general public to have a brief idea what the current exchange rate right now, but the mid-market rate is not the rate that the financial market is currently trading at. In addition, Google or other media posts a rate which usually is about at least 20 minutes ago. When we trade at Currency Mart, we apply up to second live rates.

If you pay attention to currency exchange rate long enough, you will have a brief idea what is happening now and you may have a sense of prediction what will happen in the next a few months. Oppositely, as a currency exchange dealer, we have no idea what will happen during the same day or even during the same week.

As a currency exchange dealer, we need adjust our exchange rates everyday in order to stay competitive. We adjust our exchange rates based on our inventory level, current trend of the particular currency, competitor's exchange rate. The general rules are described below.

  • If our current inventory level is more than desired, we will lower our rate to speed up the sales. Oppositely, if our inventory is less than ideal, we will rise our rate to slow down the sales.
  • If the current trend for a currency is going up, we need rise our exchange rate, because the replacement cost for the particular currency will be higher. Otherwise, we will reduce our rate because we will lose value anyway if we keep the currency in stock.
  • If we need speed up sales, we need set up our rate lower than competitors'.

Calling around can get the best exchange rate in Toronto. Exchange rates are determined by dealers’ inventory. A dealer with more inventories intends to offer a better exchange rate. The following list is reputable foreign exchange dealers in Toronto.

  • Currency Mart North York 647-812-2876
  • Currency Mart Toronto Downtown 647-812-2286
  • Knightsbridge 416-749-0834
  • Interchange Downtown 1-888-972-7799
  • Interchange North York 1-888-972-7799
  • Ebixcash World Money 416-363-2300
  • NHVN Currency Exchange 416-599-6486
  • College Currency Investments 416-595-0900
  • Calforex Eaton Centre 416-921-4872
  • Calforex Vaughan Mills 416-663-2274
  • Kantor North York 416-855-5770
  • Kantor Toronto West 416-767-7782

A reputable foreign exchange dealer is the best place to exchange currencies in Canada. They offer better than banks exchange rates and also have most foreign currencies in stock. The following list is reputable foreign exchange dealers in Canada.

  • Currency Mart
  • Calforex
  • Continental
  • VBCE
  • Interchange
  • Kantor
  • Ultimate

Study shows the first day of each month is the best day for currency exchange in the month, Money is the best of the week to exchange money, and morning is the best time to exchange currency during the day. Most businesses conduct currency exchange on the first day of the money to pay bills, so foreign exchange dealers offer the best price possible on the first day of each month to attract customers. Most serious buyers shopping around for currency exchange as their first thing to be done for the day, so offering best exchange rate in the morning can bring in customers who exchanging substantial amount.

  • 1st Day of Each Month
  • Monday of Each Week
  • Morning
  • Government issued id
  • With a unique id number
  • With expired date

There are many places that you could exchange foreign currencies, such as: local banks. (because banks usually do not have foreign currencies in stock, so you have to order the currency you need in advance, and of course you need to open a bank account before you could do the exchange), airport kiosks, stores in the tourist areas, and local currency exchange dealers like Currency Mart. Local dealers usually offer the best currency exchange rates. And if you are buying USD, Euro, British pounds or other currencies from Currency Mart, you do not need to open an account in advance.

US Dollars are stronger than Canadian Dollars, one of the reasons is because the United State’s interest rate is higher than Canada’s. And higher rates attract more lenders and foreign capital into the market which made USD stronger than CAD. For live exchange rate, you could visit currencymart.net. You could find both live mid-market rates (also called Interbank Rate) and the exchange rates for cash and noncash payments. Keep in mind that Interbank Rates are usually for reference, not for trading.

Using Canadian Dollar in Canada is a better idea.

  • Most retailers do not take foreign bank cards, so you cannot pay from your America bank cards.
  • Some retailers take your US dollar as Canadian dollar, which means a 1:1 exchange rate. You loss 20-30% of the value of US dollar.

Toronto has the most competitive currency exchange market, almost every major interaction has a currency exchange dealer.

  • WaterFront: Net Exchange, 111 Queens Quay W, Toronto, ON M5J 2T5, +16473431011
  • King & Bay: TD Foreign Exchange Centre, 55 King St W, Toronto, ON M5K 1A2, +14162166868
  • Yonge & Adelaide: Ebixcash World Money, 121 Yonge St, Toronto, ON M5C 1W4, +14163632300
  • York & Adelaide: Currency Mart, 120 Adelaide St W R7, Toronto, ON M5H 1T1, +16478122286
  • Yonge & Queen: Calforex, 220 Yonge St, Toronto, ON M5B 2H1, +14169214872
  • Yonge & Dundas: Interchange Financial, Atrium on Bay, 20 Dundas Street West, Toronto, ON M5G 2C2, +18889727799
  • Yonge & College: 437 Yonge St A, Toronto, ON M5B 1T3, +14165950900
  • Yonge & Sheppard: Currency Mart, 4841 Yonge St Unit 237D, Toronto, ON M2N 5X2, +16478122876
  • Yonge & Finch:, Interchange Financial, 5617 Yonge St, North York, ON M2M 3S9, +14162277799
  • Yonge & Steel: Kantor, 4400 Dufferin St, North York, ON M3H 6A8, +14168555770
  • Chinatown: NHVN, 222 Spadina Ave. #101C, Toronto, ON M5T 3B3, +14165996486
  • Yorkdale Shopping Mall: Continental Currency Exchange, 3401 Dufferin St Unit 32C, North York, ON M6A 2T9, +14167871444
  • Toronto West: Kantor, 2310 Bloor St W, Toronto, ON M6S 1P2, +14167677782

You get the best deal from the following currency exchange dealers

  • WaterFront: Net Exchange, 111 Queens Quay W, Toronto, ON M5J 2T5, +16473431011
  • King & Bay: TD Foreign Exchange Centre, 55 King St W, Toronto, ON M5K 1A2, +14162166868
  • Yonge & Adelaide: Ebixcash World Money, 121 Yonge St, Toronto, ON M5C 1W4, +14163632300
  • York & Adelaide: Currency Mart, 120 Adelaide St W R7, Toronto, ON M5H 1T1, +16478122286
  • Yonge & Queen: Calforex, 220 Yonge St, Toronto, ON M5B 2H1, +14169214872
  • Yonge & Dundas: Interchange Financial, Atrium on Bay, 20 Dundas Street West, Toronto, ON M5G 2C2, +18889727799
  • Yonge & College: 437 Yonge St A, Toronto, ON M5B 1T3, +14165950900
  • Yonge & Sheppard: Currency Mart, 4841 Yonge St Unit 237D, Toronto, ON M2N 5X2, +16478122876
  • Yonge & Finch:, Interchange Financial, 5617 Yonge St, North York, ON M2M 3S9, +14162277799
  • Yonge & Steel: Kantor, 4400 Dufferin St, North York, ON M3H 6A8, +14168555770
  • Chinatown: NHVN, 222 Spadina Ave. #101C, Toronto, ON M5T 3B3, +14165996486
  • Yorkdale Shopping Mall: Continental Currency Exchange, 3401 Dufferin St Unit 32C, North York, ON M6A 2T9, +14167871444
  • Toronto West: Kantor, 2310 Bloor St W, Toronto, ON M6S 1P2, +14167677782

Canadian Banks only deal with customers who have bank accounts with them. The only exception is TD bank. TD bank has a foreign exchange centre divisioin. Customers can buy & sell foreign currency under $3000 Canadian equivalent.

Banks Deal Currency Exchange
NameWith Client CardsWithout Client Cards
RBCYesNo
BMOYesNo
CIBCYesNo
Scotia BankYesNo
National BankYesNo
TDYesYes

Historical Forex News

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The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) has attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers' Index (PMI) data.FX Street2025-05-01

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USD/CAD ticks higher amid bearish Oil prices, remains below mid-1.3800s ahead of US data

The USD/CAD pair extends its sideways consolidative price move through the first half of the European session on Wednesday and remains confined in a familiar range held over the past two weeks. Spot prices currently trade around the 1.3835-1.3840 region and seem to draw support from a combination of factors.FX Street2025-04-30

GBP/CAD Forecast: Pound Sterling Weakens vs Loonie After Canadian Election Result

Looking ahead, a key catalyst for the Pound to Canadian Dollar (GBP/CAD) exchange rate in the middle of the week will be Canada's latest GDP figures. March's preliminary figures will provide more clarity on how Trump's tariffs are impacting the Canadian economy, with the ‘loonie' poised to retreat if they report growth slumps.ExchangeRates2025-04-30

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

U.S. dollar moved higher as traders reacted to the disappointing GDP report.FXEmpire2025-04-30

USD/CAD remains unchanged above 1.3800 after US/Canada GDP data

The USD/CAD pair has not moved much and stays around 1.3830 during the North American trading session on Wednesday after the release of the Gross Domestic Product (GDP) data of both the United States (US) and Canada.FX Street2025-04-30

Canadian Dollar Forecast: USD/CAD Threatens Larger Breakdown

USD/CAD remains an attractive major pair for USD weakness scenarios and a short-term descending triangle keeps the door open for breakdown potential.Forexcom2025-04-30

EUR/CAD remains below 1.5800 after projections show likely minority Carney government

The EUR/CAD cross reverses an Asian session dip to the 1.5755-1.5750 region and jumps to a fresh daily top in the last hour, though it lacks follow-through buying. Spot prices remain confined in the previous day's broader range and currently trade around the 1.5780-1.5785 area, nearly unchanged for the day.FX Street2025-04-29

USD/CAD holds gains near 1.3850 as Canadian Liberals fail to secure majority government

USD/CAD has recovered its intraday losses, trading around 1.3840 during early European hours on Tuesday. The pair appreciates as the Canadian Dollar (CAD) loses ground following election results in Canada.FX Street2025-04-29

USD/CAD continues to hold 1.3800 on slight optimism in US-China trade war de-escalation

The USD/CAD pair moves slightly higher to near 1.3855 during North American trading hours on Tuesday. The Loonie pair gains as the US Dollar (USD) ticks higher, with investors turning slightly optimistic on de-escalation in the trade war between the United States (US) and China.FX Street2025-04-29

USD/CAD: US auto tariffs & Canadian election result in focus – MUFG

The US Dollar has strengthened modestly overnight against other G10 currencies as it continues to consolidate at lower levels following the heavy sell-off during this month. The USD has been supported in part by further reports overnight that the Trump administration is considering easing tariff plans, MUFG's FX analyst Lee Hardman reports.FX Street2025-04-29

EUR/CAD: Euro steadies near 1.5800 as bullish trend holds despite mixed signals

The EUR/CAD was seen trading around the 1.5800 zone after the European session on Tuesday, showing little movement on the day after a slight decline. Despite the minor dip, the overall technical setup stays bullish.FX Street2025-04-29

Goldman: Revises USDCAD forecast lower

Synopsis: Goldman Sachs has revised its USDCAD forecasts lower, citing stronger-than-expected Canadian data, a supportive fiscal policy stance, and diminished expectations for Bank of Canada (BoC) rate cuts. While Canada's close ties to the U.S. may limit broader gains on the crosses, Goldman expects the Canadian dollar to outperform the U.S. dollar through the remainder of 2025.Forex Live2025-04-29

U.S. Dollar Gains Ground As JOLTs Report Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is trying to rebound after yesterday's pullback.FXEmpire2025-04-29

USD/CAD Price Forecast: Tests nine-day EMA near 1.3900 resistance level

The USD/CAD pair gains ground for the second successive day, trading around 1.3890 during the European session on Monday. However, technical analysis on the daily chart indicates a prevailing bearish trend, with the pair continuing to move lower within a clearly defined descending channel.FX Street2025-04-28

U.S. Dollar Retreats At The Start Of The Week: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is under pressure as traders focus on the pullback in Treasury yields.FXEmpire2025-04-28

GBP/CAD Price Forecast: Pound Sterling Price to Test 1.85 vs Loonie

Looking ahead, the main driver of movement for the Pound Canadian Dollar exchange rate this week will likely be the Canadian election and a duo of data releases from Canada. The country's latest GDP reading will be released on Wednesday, which is forecast to dip, with Canada's latest manufacturing PMI on Thursday also expected to post.ExchangeRates2025-04-28

USD/CAD Consolidates

The Canadian dollar has stabilised against the US dollar within the 1.390–1.380 range over the past week, as market participants assess what a fair USD/CAD rate might be, given the evolving news backdrop:Action Forex2025-04-25

USD/CAD analysis: forms a death cross ahead of Canada election

The USD/CAD exchange rate has crashed, forming a death cross pattern ahead of the upcoming Canadian election. It has plunged from a high of 1.4795 earlier this year to 1.3900.Invezz2025-04-25

USD/CAD sits near weekly top, just below 1.3900 ahead of Canadian Retail sales

The USD/CAD pair retains its positive bias through the first half of the European session on Friday and currently trades near the top end of the weekly range. Spot prices, however, remain below the 1.3900 round-figure mark and well within striking distance of a three-year low touched earlier this week.FX Street2025-04-25

U.S. Dollar Gains Ground As Michigan Consumer Sentiment Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency managed to gain some ground despite falling Treasury yields.FXEmpire2025-04-25

USD/CAD holds firm as mixed trade headlines cloud USD outlook

The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger oil prices against a firmer Greenback. The US Dollar Index (DXY) is trading higher near 99.60, supported by comments from US President Donald Trump suggesting talks with China are ongoing.FX Street2025-04-25

USD/CAD Price Forecast: Trades lower near 1.3850 after retreating from nine-day EMA

The USD/CAD pair retraces its gains from the previous session, trading around 1.3850 during the European session on Thursday. Daily chart technical analysis highlights a prevailing bearish trend, with the pair continuing its descent within a well-defined descending channel.FX Street2025-04-24

CAD: Relinked with USD before elections – ING

The Canadian Dollar (CAD) has suffered much less than any other G10 currency from the USD rebound since Monday, when it had instead remained flat despite widespread rallies against the US Dollar (USD), ING's FX analyst Francesco Pesole notes.FX Street2025-04-24

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

The American currency is moving lower as Treasury yields pull back.FXEmpire2025-04-24

GBP/CAD Forecast: Pound Firms vs Loonie Dollar Amid UK Data, Falling Oil Prices

Looking ahead, the primary factor influencing the Pound Canadian Dollar exchange rate on Friday will likely be the publication of the UK's and Canada's latest retail sales. For the UK, economists are forecasting a notable drop in March's retail sales index, expecting it to fall from the previous month's 1% to -0.4%.ExchangeRates2025-04-24

USD/CAD Forecast: Loonie Holds Steady Ahead of Canadian Federal Elections

Over the past two trading sessions, the USD/CAD pair has posted a slight gain of 0.5% in favor of the U.S. dollar, although the overall bias remains bearish due to the greenback's continued weakness in recent weeks.Forexcom2025-04-24

USD/CAD steady as US Dollar dips on tariff unease and mixed data

The USD/CAD pair was seen hovering around the 1.3900 zone on Thursday, mildly lower on the day, as the US Dollar (USD) struggles to maintain momentum amid renewed tariff uncertainty and conflicting US economic signals. Despite a stronger-than-expected headline Durable Goods report, underlying data fell flat, reinforcing caution among investors.FX Street2025-04-24

USD/CAD Price Forecast: Falls back to near 1.3800

The USD/CAD pair retreats from the high of 1.3860 posted earlier in the day to near 1.3800 during European trading hours on Wednesday. The Loonie pair falls back as the US Dollar (USD) gives up initial gains despite United States (US) President Donald Trump expressing confidence on de-escalation in a trade war with China.FX Street2025-04-23

USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom

The USD/CAD pair trades modestly higher around 1.3800 during Tuesday's North American session, bouncing within a tight range after testing six-month lows earlier in the week. The Canadian Dollar (CAD) is largely unchanged on the session as traders digest recent developments including fresh PMI data and cautious optimism around easing trade tensions.FX Street2025-04-23

Canadian Dollar Forecast: USD/CAD Plunges to Pivotal Trend Support

USD/CAD is attempting to snap a seven-week losing streak with price now testing a multi-year uptrend. Battle lines drawn on the Canadian Dollar weekly technical chart.Forexcom2025-04-23

USD/CAD Price Forecast: Hangs near multi-month low; seems vulnerable around 1.3800

The USD/CAD pair struggles to capitalize on the overnight bounce from the 1.3780 region, or a six-month low, and attracts fresh sellers during the Asian session on Tuesday. Spot prices drop to the 1.3800 mark in the last hour and seem vulnerable to slide further amid a broadly weaker US Dollar (USD).FX Street2025-04-22

USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices

USD/CAD continues to slide for the second consecutive day, trading near 1.3810 during Tuesday's European session. The Canadian Dollar (CAD) gains traction, buoyed by a rebound in crude Oil prices and broader macroeconomic factors.FX Street2025-04-22

USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness

The USD/CAD pair is treading water near the 1.3850 zone on Tuesday, struggling to extend its rebound after printing a fresh six-month low closer to the 1.3800 handle. The broader US Dollar remains on the defensive following two weeks of heavy losses, pressured by political risks and speculation about Federal Reserve leadership changes.FX Street2025-04-22

USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing

The USD/CAD pair trades flat around 1.3850 during North American trading hours on Tuesday. The Loonie pair turns sideways after posting a fresh six-month low near 1.3800 as the US Dollar (USD) looks for a cushion after having a downside run in the last two weeks.FX Street2025-04-22

USD/CAD dips below 1.38 remain well-supported – Scotiabank

The Canadian Dollar (CAD) is little changed on the session so far, reflecting a somewhat mixed trend in the USD overall, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-04-22

U.S. Dollar Rebounds On Bessent's Comments: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Treasury Secretary said that the tariff war with China was unsustainable.FXEmpire2025-04-22

USD/CAD Price Forecast: Declines to near 1.3800 as US Dollar nosedives

The USD/CAD pair slides to near 1.3800 in Monday's European session, the lowest level seen in six months. The Loonie pair slumps as the US Dollar (USD) underperforms its peers, with the Federal Reserve (Fed) under threat from United States (US) President Donald Trump.FX Street2025-04-21

USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed

The USD/CAD pair continues to drift lower on Monday, trading near the 1.3800 level as the US Dollar remains on the defensive following a wave of political headlines. US President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell, accusing him of cutting rates for political reasons in late 2024.FX Street2025-04-21

U.S. Dollar Tests Multi-Year Lows As Trump Attacks Powell: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is under strong pressure as traders focus on Trump's threats to fire Powell.FXEmpire2025-04-21

GBP/CAD Price Forecast: Advance to 1.848 Amid USD Declines

Looking forward, some potentially high-impact UK economic data this week could impact the Pound to Canadian Dollar (GBP/CAD) exchange rate. On Wednesday we have the latest PMI surveys.ExchangeRates2025-04-21

USD/CAD moves above 1.3850, upside seems restrained due to improved Oil prices

USD/CAD halts its two days of losses, trading around 1.3860 during the Asian hours. However, market activity is expected to remain subdued due to the Good Friday holiday.FX Street2025-04-18

USD/CAD Forecast: Risks Tilted Higher as BoC Offers Cautious Pause say MUFG

The Canadian dollar (CAD) strengthened modestly against a broadly weaker US dollar (USD), following the Bank of Canada's decision to hold interest rates steady—the first pause since its easing cycle began last June. This decision came despite market expectations partially pricing in a rate cut.ExchangeRates2025-04-18

GBP/USD, USD/CHF and USD/CAD Forecast – US Dollar Continues to Look for Buyers

The US dollar has been somewhat quiet on Good Friday, but as things stand at the moment, it looks like we are still looking for some kind of buying to occur in various major indices.FXEmpire2025-04-18

USD/CAD gathers strength above 1.3850 as Fed remains in wait-and-see mode

The USD/CAD pair strengthens to near 1.3885 during the early European session on Thursday. Hawkish remarks from Federal Reserve (Fed) Chair Powell and stronger Retail Sales provide some support for the Greenback.FX Street2025-04-17

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

The ECB cut the interest rate from 2.65% to 2.40%, in line with analyst consensus.FXEmpire2025-04-17

USD/CAD gives up intraday gains as USD's recovery trims

The USD/CAD pair surrenders its intraday gains and falls back to near 1.3860 during North American trading hours on Thursday. The Loonie pair retreats as intraday gains in the US Dollar (USD) have trimmed, even though United States (US) President Donald Trump has signaled that Washington is making decent progress in closing bilateral deals with Japan and Mexico.FX Street2025-04-17

USDJPY, USDCAD Analysis: Key Levels in Sight

USDCAD, USDJPY Analysis: Key levels are in sight as central bank decisions take shape, trade tensions escalate, and holidays approach — putting technical analysis in focus to navigate rising market uncertainty.Forexcom2025-04-17