Our very simple CAD to USD calculator is there for you to know how much you’ll get. We’re completely straightforward about this since we’re certain in our competitive exchange rates. We won’t stop you in comparing our rates with other Longueuil money exchanges so you’ll be guaranteed that you’re getting the best exchange rates from us.
We believe it’s out of line that certain financial institutions proceed in charging such high expenses when it comes to your foreign exchange needs, particularly in such sensitive times.
If you’re a Canadian in the USA or an American in Canada studying in a post-secondary institution, you’ll need to convert between USD and CAD or vice versa. Since Canada’s average international tuition fees were $32,019 CAD in 2020-2021, you want to make sure you aren’t losing out.
To put this in perspective, you could potentially be losing about $1200 USD per year just because you exchange currency with a traditional institution like your bank! Change may not be worth it if you’re only planning to trade $100 in your lifetime. That will only leave you with $4 savings (about $2 each way). But once you commence in investing over the thousands, a ton of money could be wasted just on fees alone.
Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be losing out on about 40 CAD profit.
- $50,000 worth of US stocks: That’s about 2,000 CAD you could be losing
The rates being offered by the banks will not be questioned by most people so they have gotten away with bad rates. The exchange rate they offer you may be a part lower than the genuine exchange rate, but most individuals don’t know any way better. In a few clicks, you can easily check “usd to cad” or “cad to usd” to find the real exchange rate on Google search
On top of very competitive rates, you get to enjoy zero fees when you exchange a minimum of only $10 between the two currencies
There’s no better way to be relieved than knowing that we are regulated and audited by FINTRAC, an agency of Canada’s government, as a Toronto foreign exchange service.
Our positive customer service reviews on Trustpilot and Google are proof that we take care of our customers genuinely. Have you experienced the frustration of talking to a customer service representative with the same generic response all the time? Not with us!