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Need to convert 15K CAD to USD in TD DI - Is Norbit's gambit worth it?

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  • Jan 20th, 2018 11:50 am
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Oct 17, 2015
306 posts
56 upvotes
Toronto, ON

Need to convert 15K CAD to USD in TD DI - Is Norbit's gambit worth it?

For converting 15k CAD TO USD, which of the following is best option for saving currency conversion?
1. Covert directly to USD
2. Buy a USD money market mutual fund with TD and transfer it in kind to TFSA USD account. I believe TDB166 will accomplish this. Then sell it and have USD in USD account.
Worth doing option 2? And if yes, can be accomplished at once by talking to a TD DI rep?
i have very limited knowledge in TD Direct investing and would ask for your guidance.
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