I'm Canadian and paid in $US funds. Advice?
Hi,
I sell goods online and I'm paid in US$ (no other option). It's my only source of income and a large amount. I live in Canada and do not travel to the US.
As you can imagine, the current exchange rate is killing me. I'm depositing money into my TD US$ chequing account and I have no idea what to do with the funds (building by a lot each month). I want to start investing, but I'd have to exchange it to Canadian and wouldn't that negate most of the interest I would get?
Any advice?
Thanks.
I sell goods online and I'm paid in US$ (no other option). It's my only source of income and a large amount. I live in Canada and do not travel to the US.
As you can imagine, the current exchange rate is killing me. I'm depositing money into my TD US$ chequing account and I have no idea what to do with the funds (building by a lot each month). I want to start investing, but I'd have to exchange it to Canadian and wouldn't that negate most of the interest I would get?
Any advice?
Thanks.