The live euro-to-Canadian-dollar rate, updated every minute. Book EUR→CAD with SummitFX on WhatsApp — same-day CAD settlement when you transact during the European afternoon.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a EUR amount to see what you'd get in CAD, or enter a target CAD amount to see how many euros you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.4–0.7% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
EUR/CAD is one of the major euro crosses, reflecting two G7 economies — the eurozone and Canada — with deep but distinct structural exposures. The pair moves on relative ECB-BoC policy, eurozone economic data, oil prices (CAD is heavily oil-correlated), US data (because Canadian growth tracks US growth closely), and global risk sentiment. EUR/CAD is one of the more stable major crosses because the BoC closely tracks the Fed and the ECB has a similar 2% inflation mandate, narrowing the policy gap volatility.
European Central Bank policy: The ECB sets eurozone interest rates (deposit rate 2.0% in early 2026). The ECB-BoC policy gap is a key driver of EUR/CAD. ECB rate decisions and Christine Lagarde's press conferences are the biggest scheduled EUR events for the pair.
Eurozone HICP: Harmonised inflation drives ECB rate expectations. Hot CPI prints support EUR by raising rate-hold expectations; soft prints weaken it. CPI surprises move EUR/CAD because they shift the ECB-BoC policy gap.
German and French data: The two largest eurozone economies disproportionately drive the euro. German ZEW, Ifo, and industrial production prints, plus French PMIs, are the most-watched eurozone indicators for EUR/CAD.
Eurozone sovereign spreads: Bund-BTP, Bund-OAT, and Bund-Bono spreads signal eurozone fragmentation risk. Widening spreads tend to weaken EUR against most currencies including CAD.
EU political risk: Elections in major member states, fiscal-rule disputes, and anything that threatens eurozone cohesion adds a risk premium. Recent French political uncertainty is an example of domestic politics moving the pair.
Bank of Canada policy: The BoC sets Canadian interest rates and meets eight times a year. The post-meeting Monetary Policy Report and Tiff Macklem's press conference are the biggest scheduled CAD events. The BoC's policy path tends to track the Fed closely given US-Canada economic integration.
Oil prices: Canada is the fifth-largest oil producer globally and oil exports are a meaningful share of GDP. Rising oil prices typically support CAD; falling oil weighs on it. WTI is the relevant benchmark.
US data dependency: Around 75% of Canadian exports go to the US, so Canadian growth is intimately linked to US demand. US non-farm payrolls and CPI prints often move CAD as much as Canadian-specific data.
Canadian housing: The Canadian housing market is a major macro variable — both as a wealth effect on consumer spending and as a financial stability concern for the BoC. Housing-sector data and BoC commentary on financial stability can move the loonie.
Risk sentiment and oil correlation: CAD is moderately risk-on. In bullish global markets it strengthens; in stress episodes it weakens against safe havens. The CAD-oil correlation tends to amplify both directions.
The EU and Canada are connected by CETA — the Comprehensive Economic and Trade Agreement, which entered into provisional application in September 2017 and has driven steady growth in bilateral trade. EU-Canada bilateral trade exceeds €80 billion annually across goods and services, with strong flows in machinery, automotive, pharmaceuticals, agricultural products, and minerals. Beyond trade, the corridor carries meaningful migration flow — particularly the France-Quebec corridor, plus growing Italian-Canadian and Eastern European-Canadian communities. European institutional investors (Allianz, Generali, Norway's Government Pension Fund) are major holders of Canadian assets across equities, fixed income, and real estate.
EUR→CAD settles via SWIFT through our Canadian correspondent banking network. Time-zone alignment is favourable — Toronto is 5 hours behind UK time and 6 hours behind central Europe, so European afternoon bookings reach Toronto's morning. The Canadian banking day overlaps usefully with the European afternoon.
Three things most commonly cause EUR→CAD transfers to slip past same-day:
Late EUR funding. Our cutoff is 15:00 UK time for same-day CAD release. SEPA Credit Transfer typically takes a few hours bank-to-bank; SEPA Instant credits within seconds. Initiate the EUR transfer the day before or early morning to ensure EUR arrives in time for the cutoff.
Smaller Canadian bank processing. Some smaller Canadian regional banks and credit unions only post incoming SWIFT wires once or twice a day. A wire released from Europe at 15:30 UK (10:30 Toronto) usually arrives mid-Toronto-morning — but a smaller institution might only credit it later that day or the following morning.
Canadian and US holidays. Canada has its own federal holidays (Canada Day on 1 July, Thanksgiving in October, Family Day in February, Victoria Day in May, etc.) plus provincial ones. Canadian holidays close CAD payment systems entirely. US holidays can also affect CAD because much of Canadian banking infrastructure routes through US correspondents.
For tight CAD deadlines — property completions, supplier invoices, payroll runs — book the day before so the wire is on its way at the start of the Canadian business day. Forward contracts work well for ongoing EU-Canada supplier payments under CETA and for hedging predictable CAD obligations.
EUR/CAD is the corridor for eurozone residents and businesses with meaningful Canadian-dollar obligations, plus anyone with Canadian property, family, or investments. Common use cases:
European residents (particularly French, Italian, German, Polish, Romanian) moving permanently to Canada under skilled-worker programmes, Quebec's Programme régulier des travailleurs qualifiés, or family reunification. These are typically large one-off transfers — savings, pension lump sums, property sale proceeds — where broker spreads vs bank spreads make a meaningful difference on the move.
European buyers purchasing Canadian property — particularly French buyers in Montreal/Quebec given language and cultural ties, plus broader European buyers in Toronto, Vancouver, and Maritime provinces. Forward contracts protect deal economics from currency moves during the typical 4-8 week conveyancing window.
European companies sourcing Canadian goods and services under CETA — natural resources, lumber, automotive parts, technology, professional services. CETA has driven steady growth in this corridor. Tight spreads on regular high-volume payments protect margin.
Canadian-headquartered companies with European operations (Magna International, Bombardier, Manulife) funding European payroll, supplier payments, or intercompany transfers. Treasury hedging via forwards is standard practice for predictable CAD obligations.
France and Quebec share strong linguistic and cultural ties, generating consistent EUR-CAD flow for student exchanges, professional migration, family support, and cultural-organisation funding. The Office québécois de la langue française and France's Institut français maintain active programmes that drive recurring corridor flow.
European pension funds, insurance companies, and asset managers (Allianz, Generali, Aviva) holding Canadian government bonds, equities, and commercial real estate. Topping up institutional positions or rebalancing portfolios generates regular EUR-to-CAD flow.
You can convert euros to Canadian dollars through your bank, through a transfer app, or through a broker. EUR/CAD is a moderately liquid pair, and the gap between bank and broker pricing shows up immediately on any meaningful trade size.
Everything clients typically ask about sending euros to Canadian dollars. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
We never forecast — but the chart above puts today's rate in context. EUR/CAD is moderately stable because the BoC tracks Fed policy and the ECB has a similar inflation mandate, narrowing the policy gap volatility. Oil prices and divergent ECB-BoC commentary are the main sources of meaningful moves. Rate alerts let you set a target and wait passively.
European and Canadian banks typically mark up EUR/CAD by 2–4% for retail customers. SummitFX spreads are 0.4–0.7% depending on size. On a €500,000 corporate or property transfer that's a saving of €10,000–€17,500 in your favour.
Book and fund by 15:00 UK time on a business day and CAD typically lands in your beneficiary's Canadian account the same Canadian business day — usually within a few hours of release. The 5-6 hour time-zone gap between Europe and Toronto means UK afternoon bookings reach Canadian morning, making same-day delivery routine.
Yes. Canadian property purchases typically involve 4–8 weeks between firm offer and closing — plenty of time for EUR/CAD to move 2–4% against you. A forward contract fixes today's rate for delivery on completion day. You pay a deposit (typically 5–10% of the trade) upfront and settle the balance at completion.
No hard minimum — we handle trades from €500 to €5m+. Below around €5,000 the spread widens slightly to cover fixed execution costs. For recurring smaller payments to family in Canada, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.5–0.7%, SummitFX 0.4–0.7% — with our clients also getting a named dealer and WhatsApp access.
The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which entered into provisional application in September 2017, eliminated tariffs on around 98% of products traded between the EU and Canada. It has driven steady growth in bilateral trade and made EUR-CAD commercial flow significantly cheaper for businesses on both sides. Most EU-Canada B2B trade now flows under CETA preferential terms, supporting the corridor's depth.
Your rate is locked the moment you reply CONFIRM on a quote. Even if oil prices swing or an ECB surprise moves EUR/CAD before your EUR clears to us, the rate you receive stays exactly as booked. Locking matters most for time-critical transfers like property completions or scheduled supplier invoices where rate certainty is more important than chasing the absolute best rate.
Message us on WhatsApp and we'll have a live executable rate back in seconds.