Our quick CAD to USD calculator will tell you much you’ll get. We’re being totally frank about this and we’re secure in our favorable exchange rates. We would not prohibit you from matching our rates with those of other Windsor currency exchanges in order to ensure that you are having the best exchange rates from us.
We believe it is improper for some financial institutions to charge such high fees for your foreign exchange needs, particularly in such challenging times.
Taking advantage of US stocks was most definitely the result of your extensive analysis, and it’s the reason why you’re on this page in the first place.
An incentive to maximize the earnings has now arisen. Questrade costs 1.5-1.99 percent in both directions on the CAD to USD conversion (which is higher than banks, which charge about 2.5 percent). However, a new alternative has emerged: Remitbee Currency Exchange, which charges no fees.
If you just want to swap $100 in your lifetime, change will not be worth it. That only amounts to a $4 savings (about $2 either way). However, if you start spending in the thousands, you might end up wasting a lot of money just on fees.
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
Many customers would not challenge the prices charged by banks, because they have gotten away with poor rates. The exchange rate they give you may be somewhat lower than the true exchange rate, but most people don’t know any better.
You can quickly scan Google search for “usd to cad” or “cad to usd” to find the actual exchange rate.
In addition to extremely favorable rates, there are no fees to pay if you exchange a minimum of $10 between the two currencies.
There’s no better way to feel relieved than to realize that as a Toronto foreign exchange operation, we are supervised and audited by FINTRAC, a government entity in Canada.
Our favorable customer service ratings on Trustpilot and Google demonstrate that we truly care for our clients. Have you ever been annoyed by a customer service agent who always offers the same repetitive response? That is not the case for us.