We want to make sure you know exactly what you’ll get when you use our CAD to USD calculator. Our rates are very competitive, and we’re proud to offer you fast exchange times and low fees! Feel free to compare our rates with other foreign exchange services in Oshawa so you can make sure that you’re getting the best rates possible.
We strive to provide affordable, simple, and accessible services to all, and believe it’s unfair that many financial institutions can offer such unfair fees, especially in uncertain economic times.
Taking advantage of US stocks can be great for making a profit, but if you want to make the most of your money, doing research on which currency exchange service you’re going to use is particularly important.
For a long time, the most competitive and cost-effective option to exchange USD and CAD has been using Questrade, which charges 1.5-1.99% both ways. Although Questrade’s fees are much better than banks, which charge about 2.5%, there is now an even better option! Remitbee Currency Exchange charges zero fees.
If you’re only trading a small amount of money, Remitbee will only save you about $4, however, you’ll start to see your savings when you start investing in the thousands.
Here’s how much you could be losing with Questrade:
- $1000 worth of US stocks: Could be losing about 40 CAD profit.
- $50,000 worth of US stocks: Could be losing 2,000 CAD profit.
Unfortunately, banks have been able to offer bad rates, because they know that the average customer won’t question what they are given. In reality, the rate they offer you is significantly lower than the real exchange rate! If you want to see the real rate, just Google “usd to cad” or “cad to usd”. We’ll offer the most competitive rates possible.
You read that correctly; when you make an exchange of a minimum of $10 between two currencies, you get to enjoy zero fees!
We’re based out of Toronto, and happy to provide great currency exchange services to our neighbours. We’re also regulated and audited by FINTRAC, which is an agency of the Government of Canada! That way, you know your money is safe and secure.
We understand the frustration of customer service teams who just don’t seem to answer your questions. This can be incredibly worrisome, especially when dealing with your finances. We’ve made it a priority to always provide you with excellent customer service. Take a look at our awesome reviews on Trustpilot and Google to see just how much we care about our customers!