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$. Are these events likely to lead to a lower Canadian dollar? It's actually up about a cent in the past few days, but obviously you can't generate a trend from that.
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It’s quite easy and you can even get a US$ Visa card if you travel south frequently. If you use your C$ credit card in the US you actually get nailed twice, once on the exchange (at a brutal rate) plus an admin fee.