Quote:
Originally Posted by MoneyGuy
FYI, Manulife Bank is paying 4% on Cdn.-dollar desposits and 4.75% on U.S.-dollar deposits. Once set up through an advisor, the client can manage it completely on his own by phone or Internet. No fees either.
I made a large deposit buying U.s. dollars myself for my frequent trips to the U.S., however I did it abour three months ago. Guess my timing was less than sterling. 
I hate to admit that I remember when the Canadian dollar was above par with the Greenback. I was in my 20s. I have to admit I doubted we'd see the day when the Loonie was above par, but it's gonna happen. I like this because I travel outside of Canada (U.S. or other countries where the Greenback is the accepted currency) frequently. However, it's not without a price as Canadian exporters are getting hammered. NHL teams in Canada are benefitting, however. So, there is good and bad. |
Atta boy! Way to drink the kool-aid so fast!!
(kind of an inside joke)
They are seriously great products though, and this is great advice.