CanAm Currency Blog, Market Insights and Currency Exchange News

When retirement is near, it is important to have adequate funds through investments and savings to live your life comfortably.   A survey conducted by Benefits Canada states that, on average,...

There are a plethora of metals to invest in, but one that stands unbeatable and has been a prime choice of investors for ages is gold. The reason behind the...

While packing your bags for an international trip, one of the most important items to carry is, ‘foreign currency.’ Fortunately, there are several easily accessible methods available to get your...

In today’s interconnected global economy, businesses engaging in international trade face various challenges, one of which is managing their foreign currency exchange needs and costs. Fluctuating exchange rates can significantly...

The foreign exchange market is a decentralized financial market where currencies are traded. Foreign currency markets are the largest and most liquid financial markets in the world, with an average...

Silver bullion, with its unique properties, has long been an essential material for the technology industry. From smartphones to solar panels, silver plays a crucial role in powering our digital...

The foreign exchange market is the backbone of international trade and commerce, facilitating the exchange of currencies across borders. Understanding how foreign exchange rates are determined is essential for anyone...

In order to understand the reasons behind the fluctuations in foreign exchange rates, it is important to have a basic understanding of the economic concept of supply and demand and...

Gold and silver bullion have been used as a store of value and a medium of exchange for thousands of years. These precious metals have played a significant role in...

Central banks are responsible for managing a country's monetary policy, and one of their primary roles is to maintain price stability. To achieve this objective, central banks hold reserves in...

Bullion investment has long been considered a safe haven investment, providing a hedge against inflation and economic uncertainties. However, before investing in bullion, it is essential to understand the tax...

Bullion is a precious metal that is used as a store of value and a medium of exchange. It is important to ensure that the bullion you purchase is pure...

Gold and silver bullion have been popular investment options for centuries, and they are often viewed as a hedge against inflation during economic uncertainty. Various factors, including global economic conditions,...

Globalization has largely been a blessing to business owners, as it has introduced them to an international business landscape they otherwise would never have been exposed to. Because of this...

Investing in precious metals like gold and silver bullion is a popular strategy for diversifying one's portfolio and protecting against inflation and market volatility. However, buying and storing physical bullion...

Gold has long been viewed as a safeguard against economic instability due to its lack of correlation with many other assets. Its value typically rises when stock and bond markets...

Purchasing gold, especially in times when inflation or other economic conditions are volatile, is often recommended by financial professionals. Many veteran Canadian investors may seek to expand their gold holdings,...

The precious metal market has remained strong, despite global conditions. In fact, it is expected to grow by 9% between 2020 and 2027. Investing in precious metals has always been...

You have probably heard of people making money on the foreign currency exchange market. They invest small amounts and reap significant returns. If you are like many people, you may...

Buying foreign exchange currency is sometimes necessary, especially when traveling or sending money to someone in a different country. If you are traveling, you might use your debit card to...

Foreign Exchange Risk Defined A foreign currency exchange risk is the loss that can occur between international financial transactions due to currency fluctuations. This is commonly mentioned as a fx...

Currency exchange rates are commonplace for travelers, bankers, international investors, and businesses with global trade. For people not involved in these fields, an exchange rate may seem a bit confusing....

In any economic downturn, investors buy gold. When the stock market starts to fall, or a currency undergoes devaluation, investments in gold almost always start to climb. Why is this,...

US Dollars is a currency that often stays high in demand. Since the US shares a border with Canada, it is easily accessible, and an uncountable number of people travel...

Benefits of using a Currency Exchange Service: The benefits of using a currency exchange service is really simple: you get more money by saving on fees. This is the essential...

At some point in our lives, we dream of making the sea-change. Moving from somewhere cold to somewhere warm, from the mountains to the ocean. And for many Canadians, that...

When retirement is near, it is important to have adequate funds through investments and savings to live your life comfortably.   A survey conducted by Benefits Canada states that, on average,...

There are a plethora of metals to invest in, but one that stands unbeatable and has been a prime choice of investors for ages is gold. The reason behind the...

What Is Currency Exchange Rate Currency Exchange Rate is the rate at where one currency can be exchanged for another while impacting the movement and trade of money among different...

You have probably heard of people making money on the foreign currency exchange market. They invest small amounts and reap significant returns. If you are like many people, you may...

Finding the best ways to send money abroad may help you periodically like when you travel or influence your daily life if you are a freelancer. Understanding factors like money...

Foreign Exchange Risk Defined A foreign currency exchange risk is the loss that can occur between international financial transactions due to currency fluctuations. This is commonly mentioned as a fx...

How Do Currency Exchange Rates Work? Currency Exchange rates refer to the worth of your currency when converted to a foreign currency. There is no constant exchange rate due to...

The Canadian dollar is projected to appreciate less than initially anticipated over the next year as the plan for rate cuts expectations from the Bank of Canada advances in controlling...

Canadians looking to travel this winter can rest easy knowing there are destinations not requiring a two-week quarantine when they land. COVID19 is not going away anytime soon, and Canadians...

How Do Currency Exchange Rates Work? Currency Exchange rates refer to the worth of your currency when converted to a foreign currency. There is no constant exchange rate due to...

CanAm Currency Exchange has been closely monitoring COVID-19 developments. Due to this dynamic situation, we are required to adapt our business procedures to protect our clients and employees. The health...

Should you buy gold? Is it a worthwhile investment? You see plenty of television commercials and advertisements to buy gold and own gold. But what intelligent reasons are there to...