The Bank of Canada
The Bank of Canada (BOC) is Canada's central bank. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the BOC manipulates interest rates this impacts both the inflation in Canada and also the relative value of the Canadian dollar compared to other currencies.
BOC Recent Interest Rate Decisions:
In October the Bank of Canada again raised its target interest rate by 50 basis points in an attempt to tame inflation. This is its sixth interest rate hike this year.
Read our guide to the Relationship between Interest Rates and Currencies.
Exchange rates published by Central Banks such as the Bank of Canada are the latest interbank mid-market exchange rates, here are some of the most popular CAD exchange rates:
Canadian dollar to US dollar
US dollar to Canadian dollar
Canadian dollar to Euro
Canadian dollar to Indian rupee
Canadian dollar to Pound Sterling
Canadian dollar to Mexican peso
US dollar to Euro
Canadian dollar to Philippine peso
Canadian dollar to Australian dollar
Indian rupee to Canadian dollar
You Can Save Money when you Compare Bank of Canada Exchange Rate Margins & Fees
The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus 
Bank of Canada market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.
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