Quote:
Originally Posted by FlamesAddiction
I was just looking at how to open a US$ savings account in Canada. It's not something I realized you could before.
Now I just need to do the math and see if the transaction fees would be worth it. I will also admit that I don't understand all the factors that make the CAN$ lower than the US$. Are these events likely to lead to a lower Canadian dollar? It's actually up about a cent in the past few days, but obviously you can't generate a trend from that.
|
The dollar was up on Trudeau's resignation. That's a one-time bump. I have no idea where it goes from here but that's a specific event that is now priced in.