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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.
We partner with only the largest, safest and most trusted foreign exchange brands.
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 experienced pressure in recent trading sessions, primarily due to slow progress in US-Canada trade negotiations, which has raised concerns among traders. On Monday, the CAD ticked lower, reflecting these apprehensions. Analysts expect Canada’s upcoming Ivey PMI report might further weigh on the loonie, especially if it indicates another contraction in economic activity.
Looking at recent developments, the political landscape in Canada has shifted dramatically with the resignation of Prime Minister Justin Trudeau. Mark Carney's appointment as the new prime minister amid ongoing political instability may create further uncertainties for the Canadian market. Coupled with trade tensions stemming from a 25% tariff imposed by the U.S. on Canadian steel and aluminum, Canadian exports could face negative impacts, limiting the CAD's upside potential.
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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