I have limited my search to two major players in the game – TransferWise (the more common-knowledge and probably the most popular currency exchange company) and Tor-FX (the lesser known company).
Personally, Tor-FX narrowly takes first place position, as I find their fee structure and customer service better, but I would really recommend you do your own thorough research, especially when converting large amounts of money to Canadian dollars. Regardless of which of these two companies you choose, you will definitely get a much better exchange rate and pay less fees than if you were to use a bank.
Here’s a really good comparison chart that will give you an idea of the pros and cons of each company and hopefully help you save a little bit of money when the time comes to transfer your funds.
As always, feel free to ask if you have any questions.
Have a great weekend!