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Kantor Currency Exchange CA

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Toronto, ON
Kantor Currency Exchange CA

A trusted name in currency exchange. Foreign currencies, cryptocurrencies, and money transfers.

06/05/2026

Visit https://www.kantor.ca/exchange_rates for more💸

06/04/2026

The CAD/USD is opening at 1.3894 (0.7197)

The Canadian dollar remains under pressure as a ceasefire agreement between Israel and Lebanon eases concerns about supply disruptions in the Middle East, weighing on crude oil prices and reducing support for the commodity-linked CAD. Meanwhile, stronger-than-expected US economic data is helping the US dollar maintain its recent gains.

US private payrolls rose by 122,000 in May, while job openings and service-sector activity also exceeded expectations, highlighting the resilience of the US economy. The strong data has increased expectations that the Federal Reserve may keep interest rates higher for longer, with markets now pricing in roughly a 42% chance of another rate hike.

Investors continue to monitor developments in the Middle East, oil market volatility, and upcoming US employment data, all of which could influence the direction of currencies and broader financial markets in the weeks ahead.

06/03/2026

The CAD/USD is opening at 1.3850 (0.7220)

The US Dollar remains supported by ongoing geopolitical tensions in the Middle East and expectations that the Federal Reserve will maintain a hawkish policy stance. Stronger-than-expected US labour market data reinforced this view after job openings rose to 7.62 million in April, well above forecasts.

Meanwhile, rising oil prices for a third consecutive session are helping support the commodity-linked Canadian Dollar and limiting gains in USD/CAD. Investors continue to monitor fragile negotiations between Washington and Tehran as disagreements over the terms of a potential peace framework threaten progress toward a broader agreement.

In Europe, inflation accelerated to 3.2% in May, strengthening expectations that the ECB will raise interest rates at its June meeting. Markets are also watching a proposed new US tariff plan affecting imports from more than 60 trading partners. Global equities remain supported by strong AI-related demand, while crude oil continues to trend higher.

06/02/2026

The CAD/USD is opening at 1.3839 (0.7226)

The Canadian dollar remains range-bound as investors weigh stronger US economic data against rising geopolitical tensions in the Middle East. The US dollar softened slightly despite a stronger-than-expected ISM Manufacturing report, while oil prices climbed on concerns that Iran could disrupt shipping through the Strait of Hormuz.

Inflation remains in focus as US manufacturing input costs stayed elevated for a second consecutive month, highlighting persistent price pressures. In Canada, manufacturing activity continued to expand in May, supported by stronger demand and rising employment, though businesses reported higher costs and supply-chain disruptions linked to Middle East tensions.

Markets are now watching upcoming US labour market data for clues on interest rates, while oil prices and geopolitical developments remain key drivers for the Canadian dollar.

06/01/2026

The CAD/USD is opening at 1.3830 (0.7231)

The Canadian Dollar remains under pressure after new data confirmed that Canada has entered a technical recession. A contraction in first-quarter GDP, combined with downward revisions to previous growth figures, has weakened confidence in the country’s economic outlook and reduced expectations for near-term interest rate hikes from the Bank of Canada. A softer labour market is adding to concerns, leaving the CAD vulnerable against the US Dollar.

Meanwhile, the US trade deficit narrowed in April as record energy exports helped offset strong imports linked to the AI sector. Oil prices rebounded from six-week lows amid uncertainty surrounding a potential US-Iran peace agreement and ongoing tensions in the Middle East. Global equity markets moved higher on optimism surrounding AI-driven growth and hopes for geopolitical progress, while investors await key economic data, including US payrolls and ECB decisions. Gold edged lower, copper gained, and cryptocurrencies traded slightly softer.

05/29/2026

The CAD/USD is opening at 1.3810 (0.7241).

USD/CAD remains near recent highs as markets assess the impact of a tentative 60-day ceasefire extension between the US and Iran. Hopes that the agreement could lead to a gradual reopening of the Strait of Hormuz have pushed oil prices to a five-week low and set the stage for the largest monthly decline in crude prices since 2020.

Lower energy prices have eased inflation concerns and weighed on the US dollar, while providing support for gold, which successfully held above its key 200-day moving average. Investors are also digesting mixed US economic data, including softer GDP growth and elevated inflation readings. Meanwhile, Federal Reserve officials continue to signal that further rate hikes remain possible if inflation fails to moderate.

For Canada, weaker oil prices could pressure the commodity-linked CAD, although a softer USD may help limit losses. Markets will continue to focus on developments in the Middle East, inflation trends, and central bank policy expectations.

Address

2310 Bloor Street W
Toronto, ON
M6S1P2

Opening Hours

Monday	10am - 7pm
Tuesday	10am - 7pm
Wednesday	10am - 7pm
Thursday	10am - 7pm
Friday	10am - 7pm
Saturday	10am - 5pm

Telephone

+14167677782

Website

http://www.kantor.ca/

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