Investing

would you keep USD or exchange into CDN?

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  • Apr 23rd, 2016 12:50 am
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[OP]
Deal Fanatic
Oct 1, 2004
6334 posts
712 upvotes
Toronto

would you keep USD or exchange into CDN?

should probably done it when it was 1USD=$1.4CDN, but now its =$1.28CDN, should I be converting the USD I don't need into cdn? its purely for investment purposes, or should I just invest in US etfs?

Its almost like a double edge sword, if the cdn etfs go up most likely value of USD will go down...
8 replies
Deal Addict
Jun 15, 2012
2837 posts
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Saskatoon
I personally would stay in USD and invest in US ETFs they also have lower MeR and simply for diversification , I trust your income in CAD
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Oct 5, 2003
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Is anyone doing the opposite right now and converting Canadian to US dollars? 1 US dollar is now worth .78 Canadian. This is a good improvement from where we were a couple months ago.
Deal Fanatic
Jun 3, 2009
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Montreal
Justin wrote: Is anyone doing the opposite right now and converting Canadian to US dollars? 1 US dollar is now worth .78 Canadian. This is a good improvement from where we were a couple months ago.
That's exactly what I am thinking given what happened in Doha today.
Deal Addict
Dec 11, 2007
1840 posts
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Markham
Justin wrote: Is anyone doing the opposite right now and converting Canadian to US dollars? 1 US dollar is now worth .78 Canadian. This is a good improvement from where we were a couple months ago.
I've converted twice from CAD to USD in the last 2 (or 3) months. Both times when it got to around 1.28.

My fair value target is 1 USD = 1.25 CAD so that's close enough for me. We have plenty more CAD to convert if it gets even better, but around 1.25 +/- a few %, I'm happy to turn CAD to USD and invest it in high quality reasonably valued US equities.
Deal Addict
Dec 21, 2012
2026 posts
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Toronto, ON
cn_habs wrote: That's exactly what I am thinking given what happened in Doha today.
All the predictions are saying USD will go back up with oil dropping. So heck, I'm going to keep my USD tucked.
Banned
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Jun 5, 2012
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do bank employees really get a better currency exchange rate to brag about?
Deal Expert
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Feb 11, 2009
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HRhater wrote: do bank employees really get a better currency exchange rate to brag about?
Yes, and stock traders get even better rates than bank employees through Norbitt Gambitt.
Real Estate Agent, MAcc, CPA, CA
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Oct 19, 2007
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Anyone has suggestions for investing USD in a RRSP or TFSA? Just want to avoid any tax implications, and I'm aware some TFSA investments in USD are tax withheld at source (the ones that pay dividends)

Thanks,

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