Q: There was a question yesterday by Dave about buying US currency.
One option to avoid the fees that banks charge for the exchange is to buy Horizons DLR.CA and then journal it over to your US account (DLR.U.CA).
You still pay the exchange rate and maybe trading fees (depending on your brokerage) but you save the bank fee.
One option to avoid the fees that banks charge for the exchange is to buy Horizons DLR.CA and then journal it over to your US account (DLR.U.CA).
You still pay the exchange rate and maybe trading fees (depending on your brokerage) but you save the bank fee.