Pay US Suppliers from Canada
Paying US suppliers is the single largest FX cost for many Canadian businesses. CurrencyMate converts CAD to USD at competitive institutional rates and settles most payments same-day, reducing the cost of every USD invoice.
Why Canadian businesses use CurrencyMate to pay US suppliers
- Rates significantly closer to interbank than a Canadian bank USD conversion
- Same-day USD settlement to US bank accounts on most business days
- A dedicated dealer that knows your recurring suppliers and payment schedule
- Forward contracts to fix the CAD cost of upcoming USD invoices
- FINTRAC-regulated compliance built into onboarding
Typical use cases
- Wholesale and manufacturing inputs from US suppliers
- SaaS, cloud and software subscriptions billed in USD
- US-based contractors and agencies
- Cross-border payroll for US-resident staff
Locking in the CAD cost
When a large USD invoice is coming due in 30–90 days, a forward contract lets you lock in the CAD/USD rate today. That turns a variable cost into a fixed one and protects your margin on the underlying deal.