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

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Currency Exchange Near Me


Chart below shows a list of currency exchange me when you are at near major interactions of Toronto.



Payments Accepted


Cash
Debit Card
E-transfer
Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)

How We Pay Customers

Cash
E-transfer (CAD only)
CAD or USD cheque
CAD or USD wire transfer ($35/wire)
CAD or USD direct deposit (arrive next business day)

Parking Instruction

Parking is $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

Navigating Currency Exchange in Toronto: A Comprehensive Guide

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

Everything You Need to Know about Exchange Currencies in Toronto

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

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The USD/CAD pair dipped to round-level support of 1.3800 in Wednesday's early American session. The Loonie asset faces pressure despite multiple tailwinds, such as higher Bank of Canada (BoC) rate cut hopes, a sharp decline in the Oil price, and hawkish guidance from Federal Reserve (Fed) Chair Jerome Powell.FX Street2024-04-17

USD/CAD stands tall near 1.3800, highest since November as traders look to Canadian CPI

The USD/CAD pair builds on last week's breakout momentum through the 1.3600-1.3610 supply zone and gains some positive traction for the fifth successive day on Tuesday. Spot prices climb to the 1.3815 region, or the highest level since November 14 during the Asian session and remain well supported by the underlying strong bullish sentiment surrounding the US Dollar (USD).FX Street2024-04-16

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As Treasury Yields Rise

Forex traders bet on a more hawkish Fed, which is bullish for the American currency.FXEmpire2024-04-16

USD/CAD climbs above 1.3800 after mix Canadian Inflation data

The USD/CAD pair jumps to 1.3820 in Tuesday's early New York session after Statistics Canada reported a mixed Consumer Price Index (CPI) report for March. The agency showed that monthly headline CPI grew by 0.6%, slower from expectations of 0.7% but higher than the prior reading of 0.3%.FX Street2024-04-16

CADJPY Elliott Wave : Forecasting the Rally After 3 Waves Pull Back

In this technical blog we're going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs.Action Forex2024-04-16

USD/CAD trades with modest losses, hold above mid-1.3700s amid softer Oil prices

The USD/CAD pair comes under some selling pressure on the first day of a new week and erodes a part of Friday's strong move up to the 1.3785 region, or its highest level since November 14. Spot prices currently trade around the 1.3760-1.3755 zone, though any meaningful corrective decline still seems elusive in the wake of the underlying strong bullish sentiment surrounding the US Dollar (USD).FX Street2024-04-15

USD/CAD Price Analysis: Corrects to 1.3730 ahead of US Retail Sales data

The USD/CAD pair drops to 1.3730 in Monday's European session. The Loonie asset falls while the US Dollar consolidates in a tight range, indicating some strength in the Canadian Dollar.FX Street2024-04-15

Technical Analysis – USDCAD reaches new 2024 high; could this move continue?

USDCAD trades higher again, tests strong resistance level It is the bulls' first attempt to break above the current trend channel Momentum indicators are mixed with a possible bearish divergence developing USDCAD is trading higher again today, recording its fourth consecutive green candle and reaching a new 5-month high. USDCAD is trying to break decisively above the upward sloping trend channel that has been in place since the start of 2024 and it is now testing the resistanceXM2024-04-12

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Highs Ahead Of The Weekend

Fed policy outlook and rising geopolitical tensions provide support to U.S. dollar.FXEmpire2024-04-12

USD/CAD approaches 1.3750 as Fed to delay rate cuts

The USD/CAD pair is advancing towards 1.3750 in Friday's London session. The Loonie asset extends its winning spell for the third trading session as investors see the Federal Reserve (Fed) pivoting to rate cuts by the third quarter of this year.FX Street2024-04-12

USD/CAD consolidates its gains above 1.3650, focus on US PPI data

USD/CAD consolidates its gains above 1.3650, focus on US PPI dataFX Street2024-04-11

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs After PPI Report

The European currency has found itself under pressure after ECB Interest Rate Decision.FXEmpire2024-04-11

USD/CAD clings to mild losses below 1.3570, awaits BoC's decision, US CPI

USD/CAD seems to remain tepid amid firmer US Dollar (USD) and Crude oil prices. The pair inches lower to near 1.3570 during the Asian session on Wednesday.FX Street2024-04-10

Technical Analysis – Is CADJPY setting the ground for its next bull run?

CADJPY remained stagnant after entering the 112.00 area, keeping its weak momentum despite reaching a new high of 112.46 last week - the highest level since the beggining of 2008.XM2024-04-10

Technical Analysis – Is CADJPY setting the stage for its next bull run?

CADJPY has been trading sideways after touching the 112.00 area, keeping its weak momentum despite reaching a new high of 112.46 last week - the highest level since the beginning of 2008.XM2024-04-10

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Highs As Inflation Exceeds Expectations

U.S. dollar rallied as Inflation Rate increased from 3.2% in February to 3.5% in March.FXEmpire2024-04-10

USD/CAD pulls back after April Bank of Canada policy decision

USD/CAD has pulled back about two tenths of a percentage point on Wednesday, following the Bank of Canada's (BoC) decision to leave its key overnight interest rate unchanged at 5.0%, in line with analysts' expectations. FX Street2024-04-10

Technical Analysis – AUDCAD rebounds strongly from uptrend line

AUDCAD has been trading in a rally mode since April 2, when it hit support at the near-term uptrend line drawn from the low of September 27. On April 5, the pair emerged above the 0.8930 resistance (now turned into support) zone and looks to be headed towards the key obstacle of 0.9055.XM2024-04-10

USD/CAD Price Analysis: Likely come out of contraction after US Inflation data, BoC policy decision

The USD/CAD pair struggles for a direction as investors await the United States Consumer Price Index (CPI) data for March, which will be published on Wednesday. The Loonie asset trades sideways below the round-level resistance of 1.3600 in Tuesday's European session.FX Street2024-04-09

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat As Traders Wait For Inflation Data

Forex traders are not ready for big moves ahead of inflation reports, which will be released tomorrow.FXEmpire2024-04-09

USD/CAD forecast ahead of BoC decision, US inflation data

The USD/CAD exchange rate drifted downwards this week as traders shifted their focus on the upcoming Bank of Canada (BoC) decision, Federal Reserve minutes, and US consumer inflation data. It retreated to a low of 1.3550 on Tuesday, down from this month's high of 1.3647.Invezz2024-04-09

USD/CAD remains biased higher around 1.3600 after paring gains

USD/CAD extends its winning streak, trading higher around 1.3600 for the third consecutive session during the Asian hours on Monday. The US Dollar (USD) strengthens, supported by higher US Treasury yields, thereby exerting upward support to the USD/CAD pair.FX Street2024-04-08

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back At The Start Of The Week

Treasury yields tested new highs but forex traders were not ready to buy U.S. dollar.FXEmpire2024-04-08

Weekly Technical Outlook – USDJPY, EURGBP, USDCAD

Wednesday will be an inflation day in the US. The new CPI data will cover March and will give a comprehensive overview of the first quarter.XM2024-04-08

USD/CAD Price Analysis: Retreats to 1.3600 as US Dollar stays on sidelines ahead of US Inflation

The USD/CAD pair falls back to the round-level support of 1.3600 in Monday's European session. The Loonie asset drops as the US Dollar fails to catch bid despite traders pare expectations for the Federal Reserve (Fed) to begin reducing interest rates from the June meeting.FX Street2024-04-08