Q: I am intending to use DLR & DLR.U for Norbert's Gambit to acquire USD in my account in order to fund the purchase of US equities & avoid the currency exchange fees, which even at Questrade are about 2%. With the anticipated increase in US interest rates in 2017 the USD is expected to increase in relation to the CDN$ so I am considering acquiring a larger amount of USD now which I could use later for either US or CDN equity purchases. Aside from the risk associated with the uncertainty of the relative value of the USD vs CDN$, do you see any negatives with this strategy?
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