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Best Exchange Rates Canada
For over a decade, BestExchangeRates.com has been a trusted resource for comparing foreign exchange rates in Canada and worldwide.
We make it easy to avoid hidden fees and inflated margins by comparing live rates from major banks and trusted money transfer specialists. Whether you’re sending money abroad or exchanging cash for travel, our tools highlight the cheapest and most convenient options in real time.
Our mission is simple: transparency. We break down complex FX fees so you can make informed decisions and keep more of your money where it belongs—in your pocket.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
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Track AUD rates - transact when market in your favour. Follow FX forecasts & analysis.
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Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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Popular CAD Exchange Rates
Follow exchange rates via your personal BER Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
We compare exchange rates from major financial institutions in Canada.
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Canadian dollar market update
The Canadian dollar (CAD) has recently found some support, largely buoyed by a stronger US dollar. However, its correlation with oil prices remains critical. Weakening oil prices have limited the gains of the crude-linked 'loonie,' which underscores the currency's significant connection to commodity markets. Current oil prices are trading at $68.80, approximately 3.2% above the three-month average of $66.66, although they have shown considerable volatility within a range of $60.14 to $78.85.
Market analysts are closely watching upcoming data, including Canada’s June services PMI. A contraction in this sector could lead to additional pressure on the CAD, complicating its recovery. Recent political developments, notably the shift in leadership following Prime Minister Justin Trudeau's resignation, have potentially cast a shadow over investor confidence. The appointment of Mark Carney as Prime Minister comes during a time when ongoing trade tensions—specifically the imposition of tariffs by the U.S. on Canadian goods—remain a persistent concern.
BestExchangeRates.com keeps you up-to-date on Canadian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent CAD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
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BER Rate Tracker
Track your preferred exchange rates and receive free daily alerts when the market moves. The BER Rate Tracker helps you time your international transfers for the best value. Get daily exchange rate alerts with the BER Rate Tracker. Monitor FX trends, set personalized currency pairs, and decide the best time to send money abroad—all for free.
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