CanAm Currency Blog, Market Insights and Currency Exchange News

No Venmo in Canada? Try These 10 Best Alternatives for Easy Money Transfers

No Venmo in Canada? Try These 10 Best Alternatives for Easy Money Transfers

Looking for Venmo alternatives in Canada? You’re not alone! While Venmo’s user-friendly platform is popular in the U.S., many Canadians wonder: Is Venmo available in Canada? or Can Canadians use…
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What Is Revolut? Top Alternatives in Canada for Banking & Cards

What Is Revolut? Top Alternatives in Canada for Banking & Cards

Have you heard of Revolut, the global fintech superstar? It’s revolutionized banking for millions worldwide with its innovative cards and app. But if you’re in Canada, you’ve likely discovered Revolut…
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Using a Credit Card Abroad: What’s the Most Cost-Effective Option?

Using a Credit Card Abroad: What’s the Most Cost-Effective Option?

Traveling abroad can be an exhilarating experience, but managing your finances while exploring foreign lands is crucial. One of the most common dilemmas travelers face is whether to use a…
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Understanding Exchange Rates: Save Big with Small Differences

Understanding Exchange Rates: Save Big with Small Differences

Did you know that understanding even a 0.5% difference in exchange rates can save you hundreds of dollars on large transactions? For travelers, business owners, and investors, ignoring exchange rates…
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Mistakes to Avoid When Exchanging Currency | Expert Guide

Mistakes to Avoid When Exchanging Currency | Expert Guide

Exchanging currency is an essential step for many travelers and international business professionals. When planning a vacation or handling global transactions, getting the best value for your money is essential….
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How to Save Money on Currency Exchange in Canada

How to Save Money on Currency Exchange in Canada

Did you know that millions of dollars are lost annually due to hidden currency exchange fees? Many people unknowingly fall victim to poor exchange rates, high service charges, and last-minute…
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Canada’s Interest Rates & Inflation: Market Eyes August For Possible Cut To 5%

Canada’s Interest Rates & Inflation: Market Eyes August For Possible Cut To 5%

On Wednesday, the Bank of Canada announced a 0.25 percentage point reduction in its standard interest rate, bringing it down to 4.5%. This move focuses on developing the economy as…
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How Forex Hedges Against Currency Risk in International Investments

How Forex Hedges Against Currency Risk in International Investments

When you invest internationally, you are not just exposed to market fluctuations but also to currency risk. This additional layer of complexity can significantly impact your returns, both positively and…
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How to Protect Yourself from Gold and Silver Scams

How to Protect Yourself from Gold and Silver Scams

Finding fair prices for gold and silver can be challenging, and many people trying to avoid high fees online falling victim to gold and silver scams. This could lead to…
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How Bullion Investments Can Transform Your Retirement

How Bullion Investments Can Transform Your Retirement

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,…
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How the Market Reacts to Fed Rate Cuts

How the Market Reacts to Fed Rate Cuts

Financial markets are directly correlated with the rate cut expectations from the FED, serve as a signal to the broader economy, and can trigger effects within the investment geography. Stimulating…
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Understanding the Differences Between Gold Coins and Gold Bullion

Understanding the Differences Between Gold Coins and Gold Bullion

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…
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Bank of Canada’s Mandate: How Rate Cuts Fit In

Bank of Canada’s Mandate: How Rate Cuts Fit In

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…
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Mandatory Tips & Precautions to Consider Before Buying Gold Coins

Mandatory Tips & Precautions to Consider Before Buying Gold Coins

Gold has always been seen as a valuable and prestigious investment, symbolizing wealth and stability across different cultures and time periods. A successful gold investment requires careful consideration and knowledge…
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7 Reasons to use a foreign exchange service for currency transfers

7 Reasons to use a foreign exchange service for currency transfers

When you need to send money abroad, it’s important to make an informed decision to ensure the lowest charges and safe transfers. Banks might seem like the obvious choice, but…
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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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Business Currency Exchange Services

Business Currency Exchange Services

For business owners across Canada, mitigating financial risks is crucial to maintaining a stable market position. At CanAm Currency Exchange, we understand the challenges that businesses face and offer tailored…
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Personal Currency Exchange Services

Personal Currency Exchange Services

CanAm offers the absolute LOWEST price on your personal currency exchange needs. Our team of experts is committed to providing you with easy and low-cost currency exchange services, whether you’re…
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CAD to USD Exchange Services

CAD to USD Exchange Services

CanAm Currency Exchange is your trusted partner for exchanging CAD to USD in Windsor. Our priority is to provide you exceptionally low rates, complemented by prompt and courteous services. Conveniently…
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Exchanging USD to CAD in Windsor

Exchanging USD to CAD in Windsor

Whether you’re a US cross-border employee, student, investor, traveller, or new to Canada, you can count on CanAm Currency Exchange to handle your USD to CAD exchange needs quickly and…
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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 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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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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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….
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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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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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