CanAm Currency Blog, Market Insights and Currency Exchange News

Best Ways To Exchange Your Currency For A Trip Abroad?

Best Ways To Exchange Your Currency For A Trip Abroad?

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...
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What is Hedging in Foreign Exchange Market?

What is Hedging in Foreign Exchange Market?

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...
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How to Convert USD to CAD

How to Convert USD to CAD

As businesses and individuals increasingly engage in global trade and travel, the need to convert USD to CAD (United States Dollar to Canadian Dollar) becomes ever more critical. Understanding the...
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How Does the Foreign Exchange Market Work?

How Does the Foreign Exchange Market Work?

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...
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Silver Bullion In The Tech Industry

Silver Bullion In The Tech Industry

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...
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Interest Rates

Interest Rates

Interest rate hikes have become a hot topic in the financial world lately, with many investors and economists closely monitoring any changes that may occur. In this blog, we will...
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Understanding How Foreign Exchange Rates are Determined

Understanding How Foreign Exchange Rates are Determined

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...
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Why Do Foreign Exchange Rates Fluctuate?

Why Do Foreign Exchange Rates Fluctuate?

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...
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How to Buy Physical Gold and Silver in Canada

How to Buy Physical Gold and Silver in Canada

Are you looking for a reliable investment that can protect your money from inflation and economic uncertainty? Look no further than physical gold and silver. These precious metals have been...
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The History of Gold and Silver Bullion: An Overview

The History of Gold and Silver Bullion: An Overview

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...
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The role of gold and silver bullion in Central Banks reserves

The role of gold and silver bullion in Central Banks reserves

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...
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How Bullion Is A Hedge Against Inflation

How Bullion Is A Hedge Against Inflation

Inflation is a term used to describe the steady increase in the general price level of goods and services over time. Inflation can be a concern for investors as it...
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Tax Implications Of Investing In Bullion

Tax Implications Of Investing In Bullion

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...
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How To Evaluate The Purity And Authenticity Of Bullion

How To Evaluate The Purity And Authenticity Of Bullion

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...
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The Effects of Mining Supply and Demand on Bullion Prices

The Effects of Mining Supply and Demand on Bullion Prices

Mining is an essential component of the global economy. Various minerals and metals such as gold, silver, copper, and iron ore are extracted from the earth to support industries and...
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Global Impact on Bullion Prices

Global Impact on Bullion Prices

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,...
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How do Exchange Rates Affect International Business?

How do Exchange Rates Affect International Business?

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...
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The role of gold and silver in portfolio diversification

The role of gold and silver in portfolio diversification

When it comes to investing, diversification is key. Having a variety of assets in your portfolio can help spread risk and potentially increase returns. One way to diversify your portfolio...
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How to Store Precious Metals?

How to Store Precious Metals?

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...
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How Much Gold Should You Own?

How Much Gold Should You Own?

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...
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How Exchange Rates Affect Inflation

How Exchange Rates Affect Inflation

A drop in the exchange rate between Canada and the United States has added to the inflation challenges Canadians are currently facing. When the U.S. dollar (USD) value rises against...
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How to Invest in Gold

How to Invest in Gold

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,...
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7 Reasons You Need to Start Investing in Precious Metals Now

7 Reasons You Need to Start Investing in Precious Metals Now

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...
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8 Important Reasons to Invest in Precious Metals

8 Important Reasons to Invest in Precious Metals

Stock markets can fall fast.  An investor can spend their whole life working up a safe portfolio and in one day it can all come tumbling down. You might think that...
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What Is Currency Risk and Why Is It Important to Manage?

What Is Currency Risk and Why Is It Important to Manage?

Currency risk is not only a concern for bankers, hedge funds, or currency traders. You might be surprised at how currency fluctuations can impact your business and your investments. Even...
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How is the Canadian-American Currency Exchange Rate Determined?

How is the Canadian-American Currency Exchange Rate Determined?

There were several time periods, throughout the 19th century, when the value of the Canadian dollar was fixed in relation to the American dollar. The Bank of Canada was in...
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Where can Canadians travel to this Winter?

Where can Canadians travel to this Winter?

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...
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9 Factors That Influence Currency Exchange Rates

9 Factors That Influence Currency Exchange Rates

Factors that influence currency exchange rates are important for various reasons. For countries, these factors can affect how one country trades with another. For individuals, these factors affect how much...
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How to Make Money Out of Foreign Exchange?

How to Make Money Out of Foreign Exchange?

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...
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Where Should You Exchange Foreign Currency?

Where Should You Exchange Foreign Currency?

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...
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Best Ways to Send Money Abroad

Best Ways to Send Money Abroad

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...
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Foreign Currency Exchange Risk Explained

Foreign Currency Exchange Risk Explained

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...
Read More
Currency Exchange Rates: Read & Calculate Them With Ease

Currency Exchange Rates: Read & Calculate Them With Ease

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....
Read More
How Currency Exchange Rates Work and What Impacts Them

How Currency Exchange Rates Work and What Impacts Them

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...
Read More
Why Buy Gold In Preparation for an Economic Downturn?

Why Buy Gold In Preparation for an Economic Downturn?

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,...
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Where In Canada Can I Buy US Dollars?

Where In Canada Can I Buy US Dollars?

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...
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CanAm Currency Exchange & COVID-19

CanAm Currency Exchange & COVID-19

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...
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Why Use A Currency Exchange Service?

Why Use A Currency Exchange Service?

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...
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Tips for Canadians Retiring in the US

Tips for Canadians Retiring in the US

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...
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Bank of Canada rate decision in focus for USDCAD traders, with risk aversion flows supporting

Bank of Canada decision at 10amET.  No press conference.  No change expected with balanced outlook. S&P futures -20.  US 10s down 4bp to 2.22%.  Global investors fleeing to bonds. USD...
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USD trading mixed in quiet start to holiday shortened week

USD Trading Update US traders returning from Memorial Day long weekend devoid of major US/China trade headlines. USDCAD bouncing but trend-line resistance in the 1.3470s capping. EURUSD holding support in...
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9 Factors That Influence Currency Exchange Rates

9 Factors That Influence Currency Exchange Rates

Factors that influence currency exchange rates are important for various reasons. For countries, these factors can affect how one country trades with another. For individuals, these factors affect how much...
Read More
How to Make Money Out of Foreign Exchange?

How to Make Money Out of Foreign Exchange?

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...
Read More
Where Should You Exchange Foreign Currency?

Where Should You Exchange Foreign Currency?

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...
Read More
Best Ways to Send Money Abroad

Best Ways to Send Money Abroad

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...
Read More
Foreign Currency Exchange Risk Explained

Foreign Currency Exchange Risk Explained

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...
Read More
Currency Exchange Rates: Read & Calculate Them With Ease

Currency Exchange Rates: Read & Calculate Them With Ease

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....
Read More
How Currency Exchange Rates Work and What Impacts Them

How Currency Exchange Rates Work and What Impacts Them

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...
Read More
Where can Canadians travel to this Winter?

Where can Canadians travel to this Winter?

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...
Read More
Currency Exchange Rates: Read & Calculate Them With Ease

Currency Exchange Rates: Read & Calculate Them With Ease

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....
Read More
How Currency Exchange Rates Work and What Impacts Them

How Currency Exchange Rates Work and What Impacts Them

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...
Read More
CanAm Currency Exchange & COVID-19

CanAm Currency Exchange & COVID-19

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...
Read More
Investing in Gold vs. Silver: Which Is Right for You?

Investing in Gold vs. Silver: Which Is Right for You?

What's all the fuss about investors turning to precious metals like gold and silver? We're not talking about stocks, bonds, or cryptocurrency here. Are you interested in discovering the differences...
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A Diversified Portfolio: 8 Intelligent Reasons to Buy Gold

A Diversified Portfolio: 8 Intelligent Reasons to Buy Gold

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...
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