CanAm Currency Blog, Market Insights and Currency Exchange News

Explore Varo Bank Alternatives in Canada for 2025

Varo Bank is a U.S.-based digital-only bank that has gained popularity for offering fee-free checking accounts, high-yield savings rates, and features like early direct deposit and the Varo Bank referral…

Top Ally Bank Alternatives in Canada With Better Rates

Ally Bank is a U.S.-based digital bank known for its no-fee structure, high-interest savings accounts, and unique tools like Ally Bank buckets for budgeting. With a sleek Ally Bank app…

Manulife Bank Alternatives in Canada With Lower Fees & Rates

Manulife Bank of Canada is a digital-first bank offering a range of personal financial services, including savings, chequing, mortgages, and investment-linked accounts. Accessible nationwide through Manulife Bank online, it appeals…

Motusbank Alternatives in Canada With Lower Fees & Rates

Motusbank is a digital bank owned by Meridian Credit Union, known for offering competitive rates, zero monthly fees, and a simplified online banking experience. While it earned positive attention in…

Scotiabank Alternatives in Canada for Better Services

Scotiabank Canada is one of the country’s leading financial institutions, offering a broad range of services from Scotiabank personal banking to investment accounts and credit cards. While it’s accessible across…

Top Instarem Alternatives in Canada for Safe Transfers

Instarem is a digital money transfer service known for offering competitive exchange rates and fast cross-border payments. While it's available in Canada, users often report concerns about transfer delays, exchange…

Best Alternatives to Starling Bank Canada for Online Use

Starling Bank is a UK-based digital bank known for its sleek mobile app, zero monthly fees, and real-time spending insights. It offers current accounts, business accounts, and tools that make…

Top XE Alternatives in Canada for Transfers & Exchange

XE Money Transfer is a well-known name in currency exchange, trusted by millions for live XE currency rates and international transfers. Canadians use XE Money Transfer Canada to send funds…

TD Bank Alternatives in Canada for International Transfers

If you’ve ever sent money abroad through TD Bank Canada, you may have noticed the unexpected costs from transfer fees to hidden exchange rate markups. While TD offers international options…

Explore CIBC Alternatives in Canada With Better Rates

CIBC (Canadian Imperial Bank of Commerce) is one of the "Big Five" banks in Canada, offering a wide range of financial services including chequing and savings accounts, mortgages, credit cards,…

Explore RBC Alternatives in Canada for Mobile Banking

RBC (Royal Bank of Canada) is one of the largest and most established banks in the country, trusted by millions for its wide range of financial products, including RBC credit…

Top Ria Money Alternatives in Canada for Sending Money

Ria Money is a global money transfer service offering Canadians the ability to send funds internationally through retail locations and its online platform. With thousands of agent locations across Canada…

Top Interac e-Transfer Alternatives in Canada 2025

Interac e-Transfer is one of the most popular ways to send and receive money electronically within Canada. Offered by nearly all major banks, it's fast, reliable, and widely accepted but…

Best Western Union Alternatives in Canada for 2025

Western Union is one of the most well-known money transfer services in the world, offering Canadians the ability to send funds both in person and online to over 200 countries….

OFX Alternatives in Canada for Money Transfers & Exchange Rates

OFX is a well-known international money transfer service that allows individuals and businesses to send funds globally with competitive foreign exchange rates. Operating in over 190 countries and supporting more…

Stripe Alternatives in Canada: Lower Fees & Payment Processing

Stripe is one of the most widely used payment processors in the world, known for its developer-friendly APIs, customizable checkout flows, and support for online businesses of all sizes. It…

Does Skrill Work in Canada? Explore Top Alternatives for Payments

Skrill is a globally recognized digital wallet and payment platform that allows users to send and receive money, make online purchases, and even trade cryptocurrencies. It’s especially popular for international…

Does Chime Work in Canada? Best Alternative Banks & Apps

Chime is a popular U.S.-based digital banking app known for its no-fee banking, early direct deposit, automatic savings, and credit-building options. It has gained widespread popularity among users looking for…

N26 in Canada? No, But These Top Alternatives for Online Banking

N26 is a popular European digital bank known for its intuitive mobile banking experience, low fees, and international-friendly features. However, N26 is not available in Canada, leaving many Canadians searching…

Can I Use Monzo in Canada? Here Are the Best Alternatives

Monzo is a popular UK-based digital bank known for its innovative approach to banking, providing customers with modern checking accounts, competitive savings options, and attractive perks through its intuitive app….

Does Cash App Work in Canada? Top 6 Alternatives Explained

Cash App, developed by Block (formerly Square), is a widely popular peer-to-peer (P2P) payment service in the United States and the United Kingdom, known for its instant transfers and low…

Is Zelle in Canada? No, But These Payment Alternatives Work Better

Zelle has become a popular choice in the U.S. for quick, convenient, and secure bank-to-bank money transfers, but unfortunately, Zelle is not available in Canada. If you're a Canadian looking…

PayPal Alternatives in Canada: Secure, Low-Cost Payment Options

PayPal is one of the most popular online payment solutions worldwide, widely used for online shopping, peer-to-peer payments, and business transactions. However, while convenient, PayPal fees in Canada can sometimes…

Xoom Alternatives in Canada – Better Rates, Faster Transfers

When it comes to sending money internationally, Xoom by PayPal is a popular choice among Canadians, offering quick transfers and multiple payout options like cash pickup or bank deposits. However,…

What Is Remitly? Explore Better Alternatives in Canada

Remitly is a popular digital money transfer service that allows users to send funds internationally with fast delivery and competitive exchange rates. It provides multiple payout options, including bank deposits,…

Best Wise Alternatives in Canada for Safe Money Transfers

Wise has become one of the most popular options for international money transfers, offering low fees and real exchange rates. Many Canadians use a Wise account in Canada to send…

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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Explore Varo Bank Alternatives in Canada for 2025

Top Ally Bank Alternatives in Canada With Better Rates

Ally Bank is a U.S.-based digital bank known for its no-fee structure, high-interest savings accounts, and unique tools like Ally Bank buckets for budgeting. With a sleek Ally Bank app…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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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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…

9 Factors That Influence Currency Exchange Rates

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…

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…

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…

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…

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…

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….

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…

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,…

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…

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…

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…

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…

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…

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…

Best Wise Alternatives in Canada for Safe Money Transfers

Wise has become one of the most popular options for international money transfers, offering low fees and real exchange rates. Many Canadians use a Wise account in Canada to send…

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

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…

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…

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….

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…

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,…

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…

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…

9 Factors That Influence Currency Exchange Rates

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…

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…

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…

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…

Foreign Currency Exchange Risk Explained

Currency Exchange Rates: Read & Calculate Them With Ease

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…

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…

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…

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…

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…

Currency Exchange Rates: Read & Calculate Them With Ease

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…

CanAm Currency Exchange & COVID-19

How Forex Hedges Against Currency Risk in International Investments

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…

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…