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

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

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The US Dollar has finally pulled back. But – there's now a key support level in play and tomorrow's NFP report can be a major market mover, as it's an early look at October activity in the world's largest economy.Forexcom2024-10-31

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

U.S. dollar is swinging between gains and losses as PCE Price Index met analyst forecasts.FXEmpire2024-10-31

USD/CAD stands firm near its highest level since August, above 1.3900 mark

The USD/CAD pair trades near its highest level since August 5, around the 1.3920-1.3925 region during the Asian session on Wednesday and seems poised to prolong its recent upward trajectory witnessed over the past month or so. A combination of factors might continue to weigh on the Canadian Dollar (CAD), which, along with the emergence of some US Dollar (USD) dip-buying, validate the near-term positive outlook for the currency pair.FX Street2024-10-30

USD/CAD remains above 1.3900 near three-month highs, eyes on US GDP

The USD/CAD pair pulls back from its three-month high of 1.3929, recorded in the previous session, trading around 1.3910 during Wednesday's European session. The Canadian Dollar (CAD), tied to commodities, benefits from stronger Oil prices, as Canada remains the largest crude supplier to the United States (US).FX Street2024-10-30

USD/CAD Daily Outlook

Intraday bias in USD/CAD remains on the upside as rally from 1.3418 is in progress for retesting 1.3946/76 resistance zone. Decisive break there will confirm larger up trend resumption.Action Forex2024-10-30

Technical Analysis – USDCAD rallies near 22-month peak

USDCAD added more than 3% so far this month, posting an incredible bullish rally with no notable bearish waves. The price is currently approaching the previous 22-month high of 1.3947 with the next resistance taking place at 1.3975, achieved in October 2022.XM2024-10-30

USD/CAD Surges to 11-Week High: Can It Break Above 1.3946?

USD/CAD rises toward 1.3946, hitting an 11-week high. Can the pair sustain its bullish momentum or face resistance?InvestingCube2024-10-30

USD/CAD: Remains weak on yield spreads – Scotiabank

Near-term prospects for the Canadian Dollar (CAD) are little changed, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-30

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

The American currency is moving lower as GDP Growth Rate missed analyst forecasts.FXEmpire2024-10-30

USD/CAD Price Forecast: Hesitates to break above 1.3900

The USD/CAD pair struggles to extend its rally above the round-level resistance of 1.3900 in Tuesday's European session. The rally in the Loonie pair appears to have paused for a while, with investors focusing on a string of the United States (US) economic data to be released this week.FX Street2024-10-29

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rangebound despite Disappointing UK Data

At the time of writing GBP/CAD traded at around CA$1.8028, virtually unchanged from Monday's opening rate. The Pound (GBP) struggled to garner investor attention on Monday following the publication of some below forecast domestic data.ExchangeRates2024-10-29

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

U.S. dollar is moving higher despite the weak JOLTs Job Openings report.FXEmpire2024-10-29

USD/CAD Price Forecast: Hitting resistance zone at top of multi-year range

USD/CAD reaches the top of a multi-year range and it is probable the pair will meet stiff technical resistance at these levels.FX Street2024-10-29

USD/CAD: May see a marginal technical improvement – Scotiabank

The Canadian Dollar (CAD) is marginally higher on the day so far. Slightly firmer risk appetite and a small rebound in crude oil prices are helping at the margin but, absent some real improvement in spreads, which are the drain on the CAD's performance at the moment, there is little chance of the CAD picking up much ground in the short run, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-29

Canadian Dollar Technical Forecast: USD/CAD Bulls Go For the Break

USD/CAD is attempting a fifth weekly advance the bulls threatening a major breakout today. Battle lines drawn on the weekly technical chart.Forexcom2024-10-29

USD/CAD holds below 1.3900 despite lower Oil prices

The USD/CAD pair trades with mild losses around 1.3885 on Monday during the early European trading hours. Nonetheless, the downside seems limited as the fall in crude oil prices could weigh on the commodity-linked Canadian Dollar (CAD) and create a tailwind for the pair.FX Street2024-10-28

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

U.S. dollar is losing some ground as Dallas Fed Manufacturing Index report missed analyst expectations.FXEmpire2024-10-28

USD/CAD hesitates at 1.3900 with downside attempts limited

The US Dollar is wavering below the 1.3900 level on Monday's European morning session. A somewhat softer US Dollar is weighing on the pair, although the lower Oil prices are keeping Cad recovery attempts limited.FX Street2024-10-28

USD/CAD: Little changed on the day – Scotiabank

The Canadian Dollar (CAD) is trading little changed on the day, with spot ignoring the sharp drop in crude prices—rather surprisingly, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-28

EUR/CAD Price Prediction: Extending up leg within range

EUR/CAD appears to be extending the final “c wave” of an abc “zig-zag” price pattern within the confines of a multi-month range (see chart below). FX Street2024-10-28

GBP/CAD Week Ahead Exchange Rate Forecast: Recovery from One-Week Low

GBP/CAD Bounces Off One-Week Low as UK Budget Looms The Pound Canadian Dollar (GBP/CAD) exchange rate hit a one-week low last week before bouncing back amid uncertainty ahead of the UK's Autumn Budget. At the time of writing, GBP/CAD traded at CA$1.7982, having recovered from a low of CA$1.7864 but still down 0.2% on the.ExchangeRates2024-10-28

USD/CAD Eyes August High as RSI Holds in Overbought Territory

USD/CAD extends the series of higher highs and lows from last week to keep the Relative Strength Index (RSI) in overbought territory.Forexcom2024-10-28

USD/CAD clings to gains near 1.3850 as BoC to continue aggressive rate-cut stance

The USD/CAD pair turns sideways in Friday's European session after posting a fresh 11-week high at 1.3870 on Thursday. The Loonie pair clings to gains as the Canadian Dollar (CAD) remains on the backfoot on expectations that the Bank of Canada (BoC) would continue an aggressive policy-easing stance in the next policy meeting in December.FX Street2024-10-25

Technical Analysis – USDCAD still near the almost 3-month high

USDCAD has been creating a notable bullish rally since the bounce off the 1.3420 support level, taking the price to an almost three-month high of 1.3868. The pair added 3.4% on this rally, trying to switch the medium-term outlook to positive.XM2024-10-25

USD/CAD trades around 1.3850, two-month highs, traders adopt caution ahead of US election

The USD/CAD pair maintains its position on two consecutive days of gains, trading around 1.3850 during the Asian session on Friday. This level is near its two-month peak of 1.3868, reached on Thursday.FX Street2024-10-25

USD/CAD: Underlying drivers improve modestly – Scotiabank

The Canadian Dollar (CAD) is little changed on the session. CAD remains soft against the USD but it has held up a little better than most of G10 peers on the week despite the Bank of Canada's aggressive rate cut Wednesday, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-25

EUR/CAD remains stuck in range as both currencies face similar bearish fundamentals

EUR/CAD lengthens its range-bound price action on Friday, trading at 1.5000 after edging higher on the day. The pair is plum in the center of an 11-week range and unable to gain directionality due to the similar monetary policy outlook of the two currencies' central banks.FX Street2024-10-25

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

The better-than-expected Durable Goods Orders and Michigan Consumer Sentiment reports provided support to the American currency.FXEmpire2024-10-25

USD/CAD Price Forecast: Bulls have the upper hand despite corrective slide, 1.3800 holds the key

The USD/CAD pair attracts some sellers on Thursday and moves away from its highest level since early August, around the 1.3860-1.3865 region touched in reaction to the Bank of Canada's (BoC) oversized rate cut the previous day. The Canadian central bank took an aggressive step and decided to lower its key benchmark interest rate by 50 basis points (bps) for the first time since the COVID-19 pandemic.FX Street2024-10-24

USD/CAD Price Forecast: Rally pauses near 1.3850 for a while

The USD/CAD pair corrects slightly to near 1.3820 in Thursday's European session after posting a fresh 11-week high above 1.3850 on Wednesday. The Loonie pair has shown a one-sided rally since September 25, which appears to have paused for a while as investors look for fresh cues about the likely monetary policy action by the Bank of Canada (BoC) and the Federal Reserve (Fed) in the remaining year.FX Street2024-10-24

Pound Canadian Dollar Outlook: GBP/CAD muted despite bumper BoC rate cut

At the time of writing the GBP/CAD exchange rate traded at CA$1.7930. Virtually unchanged from Wednesday's opening levels.ExchangeRates2024-10-24

USD/CAD: Push downwards to potentially extend to test support at 1.3750 – Scotiabank

The Bank of Canada (BoC) duly delivered the 50bps cut that the markets were more or less expecting yesterday. The CAD wobbled for a bit but held its ground around the mid/ upper 1.38s, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-24

GBP/CAD Price Forecast: Possibly extending higher in Rising Wedge pattern

GBP/CAD continues trading higher in what looks like a Rising Wedge pattern. Within the confines of the pattern's borders the pair is finding support at the (red) 50-day Simple Moving Average (SMA) at about 1.7879.FX Street2024-10-24

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

Forex traders used the strong U.S. PMI data as an opportunity to take some profits off the table.FXEmpire2024-10-24

USD/CAD Defends Post-BoC Reaction to Eye August High

USD/CAD attempts to extend the advance following the Bank of Canada (BoC) rate cut as it trades to a fresh monthly high (1.3869).Forexcom2024-10-24

USD/CAD Price Forecast: Bulls take a breather near 1.3800 ahead of BoC rate decision

The USD/CAD pair attracts some dip-buyers following the previous day's modest slide and sticks to its positive bias around the 1.3825 region through the first half of the European session on Wednesday. Spot prices remain within the striking distance of the highest level since August 6 touched earlier this week as traders keenly await the Bank of Canada (BoC) policy decision before positioning for the next leg of a directional move.FX Street2024-10-23

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

U.S. dollar stays strong as traders focus on rising Treasury yields.FXEmpire2024-10-23

Canadian Dollar Post-BOC Rate Cut: USD/CAD Pushes Tepid Initial Breakout

The 50 bp cut from the Bank of Canada was well priced-in ahead of this morning's announcement, and several longer-term resistance levels sit overhead around 1.3900, 1.3950 and 1.4000.Forexcom2024-10-23

USD/CAD holds gains near 1.3850 as BoC cuts interest rates to 3.75%, as expected

The USD/CAD pair remains firm near 1.3850 as the Bank of Canada (BoC) has reduced its key borrowing rates by 50 basis points (bps) to 3.75%. This is the fourth straight interest rate cut by the BoC in a row.FX Street2024-10-23

USD/CAD: BoC policy decision is nigh – Scotiabank

The Canadian Dollar (CAD) is holding relatively steady against the strong USD ahead of the Bank of Canada policy decision and MPR at 9.45ET. Governor Macklem and Senior DG Rogers hold their press conference at 10.30ET, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-23

AUD/CAD Technical: BoC Jumbo Cut of 50 bps May Have Already Been Fully Priced In

In a few hours' time today, the Bank of Canada (BoC) will announce its latest monetary policy decision where the consensus is expecting a fourth consecutive interest rate cut to its key policy interest rate with a higher magnitude of 50 basis points (bps) to bring it down to 3.75%.Action Forex2024-10-23

USD/CAD trades sideways as BoC policy takes centre stage

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3800 in Tuesday's European session. The Loonie pair trades back and forth, with investors focusing on the Bank of Canada's (BoC) interest rate decision, which will be announced on Wednesday.FX Street2024-10-22

USD/CAD Sweeps Sellers as Bank of Canada Poised to Cut Rates

The Canadian dollar remains under constant selling pressure amid falling crude oil prices and lower inflation, which prompted the Bank of Canada to propose a massive rate cut at its next meeting. Let's find out more about the technical and fundamental aspects of the USD/CAD pair.FXEmpire2024-10-22

GBP/CAD Exchange Rate Forecast: BoC Decision to Hammer the Canadian Dollar?

GBP/CAD Volatile amid UK and Canadian Inflation The Pound Canadian Dollar (GBP/CAD) exchange rate slumped to an eight-day low last week due to the UK's weaker inflation reading, although it did manage to bounce back. At the time of writing, GBP/CAD traded at CA$1.7990, having recovered its losses after hitting an eight-day low of.ExchangeRates2024-10-22

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

The American currency tests multi-month highs as traders stay bullish.FXEmpire2024-10-22

USD/CAD: CAD remains weak and oversold – Scotiabank

The Canadian Dollar (CAD) has had a minor reprieve this morning as it holds little changed on the session but some 20 ticks above yesterday's low against the USD in the mid-1.38s, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-22

USD/CAD Price Forecast: Aims to revisit over two-month high of 1.3840

The USD/CAD pair extends its winning spree for the third trading session on Monday. The Loonie pair sustains above 1.3800 and aims to recapture the 11-month high of 1.3840 ahead of the Bank of Canada's (BoC) interest rate decision, which will be announced on Wednesday.FX Street2024-10-21

USD/CAD forms double-bottom, golden cross ahead of BoC decision

The USD/CAD exchange rate rose for three consecutive days and was hovering near its highest level since August 6 ahead of the closely-watched Bank of Canada (BoC) interest rate decision.  The pair rose to a high of 1.3815 on Monday, up by almost 3% from its lowest point in September.Invezz2024-10-21

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

U.S. dollar tests multi-week highs as traders focus on rising Treasury yields.FXEmpire2024-10-21

Weekly Technical Outlook – USDCAD, EURUSD, GBPUSD

USDCAD is back in the 1.3800 territory and a short distance below October's high of 1.3837 as investors expect the Bank of Canada (BoC) to slash interest rates by 50bps 3.75% on Wednesday. The pair has found support near the former resistance at 1.3780, increasing potential for a bullish continuation.XM2024-10-21

USD/CAD: Markets await BoC – Scotiabank

The Canadian Dollar (CAD) is one of the better-performing currencies on the session when looking at overall ground lost versus the USD on the session but it is trading at session lows against the USD as our trading day gears up, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-21

USD/CAD consolidates near 1.3800 ahead of Fed speakers

The USD/CAD pair trades in a tight range near the round-level resistance of 1.3800 in Friday's European session. The Loonie pair trades sideways as investors await speeches from a slew of Federal Reserve (Fed) officials, who are scheduled to speak in the North American session.FX Street2024-10-18

GBP/USD Takes Hit While USD/CAD Remains in Uptrend

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3400 resistance zone. The British Pound started a downside correction and traded below the 1.3200 support zone against the US Dollar.Action Forex2024-10-18

USD/CAD Price Forecast: Tests 1.3800 in an attempt to re-enter the ascending channel

The USD/CAD pair maintains its position on recent gains from the previous session, trading around 1.3800 during the Asian hours on Friday. On the daily chart, the analysis shows that the pair is testing the lower boundary to return to the ascending channel pattern, which, if remains within the channel, supports the bullish trend.FX Street2024-10-18

U.S. Dollar Retreats On Profit-Taking: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders take some money off the table after dollar's rally.FXEmpire2024-10-18

USD/CAD Price Forecast: Strives to break above 1.3800 on BoC dovish bets

The USD/CAD pair gathers strength to break above the immediate resistance of 1.3800 in Friday's North American session. The Loonie pair remains firm as the Canadian Dollar (CAD) weakens on expectations that the Bank of Canada (BoC) could announce a super-size interest rate cut of 50 basis points (bps) in its monetary policy meeting on Wednesday.FX Street2024-10-18

USD/CAD: Spreads remain a headwind – Scotiabank

The Canadian Dollar (CAD) is little changed against the USD, with spot holding close to 1.38 on the day. The CAD's slide against the USD steadied through mid-week which was not unexpected, given the extended and sustained drop seen since the start of the month, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-18