The United States of America has always been the game changer no matter the subject is population, huge economy, or military power. From South Korea to India, we are all aware of the high influence of American movies, American science and politics on non-related countries. Being one of the most colorful regions, the culture of America varies from one state to another. Not only for traditions but also the crown law, legacy and the aspect of crucial incidents. Today, the Super Power directs almost all countries in many ways and it is not possible to take a step for a plethora of countries with no approval of Washington.
How about Canada? Canada is a North American country with ten provinces and three territories broadening from the Atlantic to the Pacific and the Arctic Ocean. Although it has severe weather conditions in winter and wilderness, Canada is the 10th largest economy in the world. Being one of the few nations that exports energy, “le pays des Canadas” hosts large oil and gas resources. The second major exports of the country are uranium, gold, nickel, platinum, aluminum, steel, molybdenum, cobalt, iron ore, zinc, coking coal, lead, copper and cadmium.
Canada–United States Relations: a Shared History
Canada has always been considered as the United States’ attic. These two strong countries have always been together, given the longest shared border around the globe. It is an undeniable truth that Canada resembles the United States mostly compared to other countries in terms of geography, culture, society, economy, politics, ideology and society. It was not always sun and pink roses between Canadians and Americans. Although there have not been hostile official encounters since the end of the War of 1812. In 1812, Canadians disappointed Americans who had strong belief that Canadians would join the republic. Actually, as today, the Canadian soul was apt to be friendly and out of the war-zone. Therefore, the United States Government had to accept an independent Canada as a stable, beneficial, and friendly neighbor.
These two highly developed countries share various international agreements such as the United States Free Trade Agreement (FTA), the North American Free Trade Agreement (NAFTA) and Canada–United States–Mexico Agreement. Thus, they are highly interwired to each other whereas thousands of companies are established as American-Canadian associations. The long time partnership, neighborhood and the opportunity of dual citizenship creates a huge market for the online payment platforms to transfer money from the United States to Canada and to send money from Canada to the United States.
Best Way to Send Money to Canada
Canada’s local currency is CAD (Canadian Dollars) which is generally lower than United States dollars in value, yet not one of the highly dollar-denominated currencies. Surely, leading reasons behind it are the strength of Canada in the international market and solid banking system with credit unions. Let’s take a closer look at how to send money to Canada in most conventional ways.
- Wire Bank Transfers: Bank wire transfers to Canada are pretty often for those who are into traditional paths and not familiar with the latest Fin-Tech technologies. For the business owners, it is highly applicable due to the international taxation regulations. However, we want to underline that bank wire transfers can be considered as the slowest form of online money transfers.
- Check Payments: You may think of it as an archaic way, but both in Canada and the United States of America, ACHs and e-checks are pretty popular. This is an option for individuals and businesses with a current bank account. Therefore, if you reside outside, you can not utilise from this path.
- Digital Wallets: Dominating online funds transfer for the last 20 years, digital wallets provide a functional, downhill and fast type of sending and receiving money no matter where you reside. They offer not only easy registrations but also a perfect way to control the cash flow for both individuals and business holders.
- Cryptocurrency Transfers: Unlike other options, this is a way to send/receive in digital currencies. Thanks to the high demand and great interest of high-volumed markets, it is also possible to transfer to Canada via crypto wallets.
Our comprehensive digital wallet, Jeton Wallet welcomes you with its customer-oriented services creating tailor-made solutions for every single client. We are dedicated to providing the best money transfers worldwide in more than 50 currencies through more than 100 countries. Moreover, JetonCash vouchers can be utilised in international money transactions. Join Jeton today and get ready for a whole new experience!