How can I transfer my USD into a brokerage to do Norbert's Gambit?
Some of my income is earned in USD and deposited into PayPal. (With some companies, this is my only payment option.) I've been using TransferWise to avoid PayPal's usury currency conversion fees, but I'd like to use Norbert's Gambit to save more money.
Unfortunately, PayPal doesn't allow you to transfer USD into a Canadian USD bank account. So how can I get my USD into a brokerage in order to perform Norbert's Gambit?
What seems to make most sense is to transfer my USD from PayPal into an American bank account, then transfer it into a brokerage. But I can't find any Canadian brokerages that accept transfers from American banks.
I feel lost. How can I overcome these hurdles to convert USD to CAD with Norbert's Gambit?
Unfortunately, PayPal doesn't allow you to transfer USD into a Canadian USD bank account. So how can I get my USD into a brokerage in order to perform Norbert's Gambit?
What seems to make most sense is to transfer my USD from PayPal into an American bank account, then transfer it into a brokerage. But I can't find any Canadian brokerages that accept transfers from American banks.
I feel lost. How can I overcome these hurdles to convert USD to CAD with Norbert's Gambit?