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Our Clients
Our FX offering appeals to businesses in a wide range of industry sectors. Our diverse client base consists of TSX-listed companies, large corporations, SMEs and financial institutions. Benefiting from our industry-specific knowledge, sharper pricing and market insight, clients can execute FX transactions using our dedicated dealing service or via our innovative online platform, Monex Pay.
MANAGING FX EXPOSURE
Our corporate risk management and foreign currency trading services enable clients to make spot trades or enter into a forward contract in order to mitigate FX risk. With a considered FX strategy we can help you make significant cost and operational efficiencies.
Global Payment Solutions
Our innovative online platform, Monex Pay, is designed to enable fast, safe and secure same-day and spot FX transactions in over 60 different currencies across the world using live exchange rates. Within Monex Pay, clients can instruct FX trades and manage all FX-related third party payments.
Technology Solutions
Our financial technology solutions ensure our clients’ needs are met in a constantly evolving marketplace, We provide our clients with the ability to outsource global payment processes by integrating our API.
Key Financial Figures
Monex Canada is part of the global Monex group, one of the world’s largest commercial foreign exchange providers.
$5.9bn
in total assets
6m
annual FX transactions
2800+
employees across the group
*Financial figures represent all entities of Monex S.A.B., are stated in US dollars and are as of December 31, 2019.
Insights
into the FX market
We provide our clients with proactive, timely analysis and insight into the currency markets, alongside bespoke analysis for our clients based on their individual currency requirements.
Leading
Global Forecaster
Our renowned team of analysts are recognised as one of the most accurate global currency forecasters. We are consistently ranked at the top of forecasting tables by Bloomberg, FX Week and Thomson Reuters FX polls for both G10 and Emerging Market currencies.
Monex
in the Media
Our industry-leading FX analysts are quoted on a daily basis in international press and on major news and business channels including CBC News, Bloomberg, CNN, The Globe and Mail, BNN and many more.
insights
Loonie mired with deterioration in risk climate as “buy American” remains a concern
The loonie failed to hold onto early gains in yesterday’s trading session as oil prices plunged at around 16:00 GMT, pushing the Canadian dollar back into the red over the course of the day. The loonie now sits over a percentage point lower from Thursday’s 33-month high.
The loonie bounces back from Friday’s losses but Biden’s “Buy American” provisions a major concern
Events over the weekend don’t look conducive for the Canadian trade balance as Joe Biden pushes ahead with his “Buy American” provisions, shortly after he revoked the license for the Keystone XL project. On the data front, November’s GDP reading on Friday takes the crown of the most important data point.
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