CAD to PHP Exchange Rate Today
Canadian Dollar to Philippine Peso conversion for Canada's 900,000+ Filipino community—one of the world's largest Filipino populations outside the Philippines. Track live CAD/PHP rates every 30 minutes for remittances from Toronto, Vancouver, Calgary, Winnipeg.
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Frequently Asked Questions
What is the Canadian Dollar to Philippine Peso exchange rate?
The CAD to PHP exchange rate typically ranges between 40-44 PHP per 1 CAD. Canada has one of the world's largest Filipino populations outside the Philippines—over 900,000 Filipino-Canadians, making CAD/PHP a major Canadian remittance corridor. The Philippines receives over $4 billion annually from Canada alone. Exchange rates depend on Bank of Canada policy, Philippine economic conditions, and CAD/USD movements (since PHP tracks USD). Our converter updates every 30 minutes with real mid-market rates.
How can Filipino-Canadians send money to the Philippines?
Filipino-Canadians have excellent remittance options tailored to the Canada-Philippines corridor: Remitly (very popular, fast PHP transfers, widely used in Toronto/Vancouver), Wise (competitive mid-market rates), XE Money Transfer, WorldRemit (instant to GCash, Philippine banks), Western Union or MoneyGram (extensive agent network); digital wallets (GCash, PayMaya increasingly popular); or Canadian-Philippine specialized services like Coins.ph partnerships. For the 900K+ community in Toronto, Vancouver, Calgary, Winnipeg, compare total PHP received—differences can be 2-5% between providers.
Do Canadian banks give good exchange rates for Philippine pesos?
No. Canadian banks (RBC, TD, Scotiabank, BMO, CIBC) typically charge 3-5% above mid-market for CAD to PHP conversions plus $15-40 transfer fees—expensive for regular remittances. Dedicated remittance services are far superior: Remitly charges 1-3%, Wise ~0.5-1%, XE 1-2%. For the 900,000+ Filipino-Canadians (healthcare workers, caregivers, skilled professionals), specialized services save 50-70% compared to banks. Most send monthly family support, so savings compound significantly over time.
Why is the Filipino-Canadian community so large?
Canada's Filipino community (900K+) grew through: healthcare worker recruitment (nurses, caregivers highly valued in Canadian system), Temporary Foreign Worker Program, Provincial Nominee Programs, family reunification, and Canada's welcoming immigration policies. Major concentrations exist in Toronto GTA (400K+), Greater Vancouver (150K+), Calgary, Winnipeg, and Edmonton. This creates one of the world's most significant remittance corridors—Filipino-Canadians sent $4B+ to Philippines in recent years, supporting families and driving Philippine economy.
When is the best time to send Canadian dollars to the Philippines?
For regular monthly family support (very common among Filipino-Canadians), consistent transfers work well—market timing rarely helps small amounts. For large transfers (property purchase in Manila/provinces, bahay construction, medical expenses, business investment), watch: Bank of Canada rate decisions, Canadian inflation data, oil prices (affect CAD), Philippine Bangko Sentral policy, and CAD/USD movements. Holiday seasons (Christmas, New Year) see peak demand. Rate alert apps help catch favorable CAD/PHP peaks for major transfers.