07:41 AM EDT, 04/11/2025 (MT Newswires) -- Currency Exchange International ( CURN ) overnight Thursday announced a referral agreement has been entered into with CCE, a Canadian retailer of foreign exchange services, as CXI moves to minimize disruption for stakeholders while it discontinues its Canadian business operations to focus on the US..

As part of the referral agreement, CXI's wholly-owned Canadian subsidiary Exchange Bank of Canada (EBC) will be referring its wholesale business to business banknote customers in Canada, including financial institutions, to CCE, a wholly owned subsidiary of DUCA Financial Services Credit Union Ltd..

A statement said: "CXI's long-term outlook remains positive due to the company's focus on its growing businesses in the U.S. in conjunction with expected cost savings and anticipated additional new product growth in the U.S. market. The company will provide further updates as the Canadian business operations are being discontinued as originally announced on February 18, 2025. During this process, EBC is committed to ensuring minimal disruption to all its stakeholders."