Q: I believe that the drop in the Canadian dollar may have reached its maximum. Ideally, I would like to transfer cash in my US$ acct to my CDN$ acct for a few months, but the exorbitant discount broker "back-and-forth" exchange rate fees would wipe out most of any potential gains.
Are you aware of any ETF that tracks the CDN dollar but is denominated in US funds? (e.g. a CDN dollar "bull" ETF). This would allow me to avoid actually having to suffer the exchange rate losses.
Thanks!
Are you aware of any ETF that tracks the CDN dollar but is denominated in US funds? (e.g. a CDN dollar "bull" ETF). This would allow me to avoid actually having to suffer the exchange rate losses.
Thanks!