Finance Tips

Our financial tips section will keep you informed, help you save money and avoid costly mistakes. Here we cover banking, currency exchange, employment and more.

Is this the best time to convert USD to CAD?

The phone lines are jammed by customers asking that very question, which is to be expected after the Canadian dollar has lost over ten percent of its value against the US dollar, since the beginning of March. It’s a simple question, but there is not a simple answer. The most important question is “when do […]

By KBFX | March 23, 2020 | Finance Tips | 0 comments Read more >

3 ways to maximize savings on Currency Exchange Fees

When you are moving money from your US dollar to Canadian dollar account or vice versa, for investments or expenses, you want to get the best deal on currency exchange to maximize your savings. Here are a few tips on how you can achieve this so that you can keep more money for what really […]

By KBFX | | Finance Tips | 0 comments Read more >

Top 9 Tips for Canadian Snowbirds when Buying U.S. Real Estate

Buying a home away from home is a major commitment, buy hey! It’s an amazing option to save money in the long run. Besides, it’s a great investment for yourself and your family. When thinking about buying a property in the U.S., we recommend taking things slowly, weighing your options and making sure you’re getting […]

By KBFX | March 19, 2020 | Finance Tips | 0 comments Read more >

International Wire Transfer TD Bank

There are various reasons you may need to send money internationally, including business transactions, personal purchases, or sending money to friends or family. A common method to transfer money overseas is through their bank, and if you’re with TD Bank, the primary method to send it directly from your account is through a wire transfer. […]

By Victor | October 25, 2018 | Finance Tips | 0 comments Read more >

Opening a US Bank Account

If you’re heading down south to the United States for a new job, school or just to live in a new environment, then you’ll want a bank account to make it easier to handle your financial matters.  It can be a little tricky and confusing to open a bank account, especially as technology advances and […]

By Victor | August 10, 2018 | Finance Tips | 0 comments Read more >

Currency Exchange FAQ

How are currency exchange rates determined? Currency exchange rates are determined by a regime called the managed floating exchange rate. This regime means that the value of each currency rate is influenced by its government’s or central bank’s economic operations. Are currency exchanges open on Sunday? Different currency exchange providers have different schedules and some […]

By Ishani | | Finance Tips | 0 comments Read more >

How to Get a Job in Toronto

Toronto is considered to be one of the most beautiful and vibrant cities in Canada, North America and the entire world. It’s often been ranked as the most multicultural city in the world and features six distinct and uniquely wonderful boroughs that provide a little something for everyone. Beaches, restaurants, parks, trails and more, with […]

By Victor | July 30, 2018 | Finance Tips | 0 comments Read more >

What Banks Aren’t Telling Canadian Businesses

As a Canadian business looking to grow and expand, you may find yourself working with companies in the United States and getting the opportunity to get paid in U.S. dollars. Given that the USD is typically significantly more than the CAD, you can often make a lot of money on the exchange, if you go […]

By Victor | July 25, 2018 | Finance Tips | 0 comments Read more >

How to Save when Exchanging Currency

When it comes to exchanging your Canadian dollar for a US dollar, there are several options that you can use apart from going to the bank. Although banks are convenient, they charge higher exchange rates compared to other smaller financial institutions. In fact, Canadians pay hefty premiums whenever they want to exchange their dollars for […]

By Admin | December 21, 2017 | Finance Tips | 0 comments Read more >