Best Exchange Rates Canada

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Register for free daily FX update emails. Setup BER.me FX Alerts and make the most of currency trends. Here's the latest alerts for popular CAD cross rates:

7-DAY2.5% 🔔14-DAY High 🔔
1-DAY1% 🔔90-DAY High (13d)
1-DAY1% 🔔90-DAY Low (13d)
4-DAY1.8% 🔔14-DAY Low (4d)
1-DAY0.8% 🔔14-DAY Low (6d)

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We compare and review only trusted regulated FX brands

  • Transferwise
  • OFX
  • World First
  • World Remit
  • Travelex Canada


Canadian Dollar Markets

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

CAD / USD – 90 Day Trend
Sell CAD – Buy USD
ALERT:1-DAY1% 🔔|
CAD/USD at 0.7086 was trading 4.7% below AVG:0.7436 with LO:0.6891 and HI:0.7714 (90 days). ALERT: Today CAD/USD is UP 1%

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Money Saving Guides

Best exchange rates sending money from Canada

The holy grail when you send money abroad is finding an organisation that you can trust and one that offers the best exchange rates along with transparent, smart and straightforward customer service.


Foreign Exchange Provider Reviews

TransferWise Money Transfers – Review

TransferWise has been making waves in the global payments market since it came on the scene back in 2011 and is undoubtedly one of the best services for sending money across borders.

OFX 2019 Review – Foreign transfers with OFX compared

OFX is one of the world’s largest and best providers of international money transfers. This highly regulated firm offers a complete foreign exchange solution complete with 24/7 phone support.

XE Money Transfer – BER Review

XE works on razor thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal. Transfers can be booked online and over the phone and most are processed within a single working day.


Get a Better FX Deal when you Send and Spend Abroad.


Our comparison tables for transfers, travel cash and cards help you find the best value on offer by making it easy to compare each provider's margins to each other and to bank rates.