pwm said
I recently sold all my TDB8150 and bought TCSH. My son recommended it. It's what he uses for readily available cash.  

Just remember that sells of TCSH will? likely? end up on a T5008 due to different acquisition and disposition prices. Can be good given cap gains/loss tax rates but can also be a real nuisance.

I wasn't aware ... Much Appreciated

Dean

I think every DIY brokerage has some now. Certainly BMO IL and Scotia iTrade and RBC DI do (the brokerages where I and/or spouse use).

Warwick111 said
I have been keeping some short term cash in TDB8150 and currently it is paying 1.8%.
I just noticed that I can buy ETF: TCSH for free and the yield is 2.74%, 1-year return is 2.63% according to yahoo.finance.

Why would I use TDB8150 when I can get better return from TCSH with no fees?

Say What ... an ETF @ TDDI with No fees/commissions⁉️

How's that❓

Dean

mordko said
And I would expect more of a lag when BoC rate changes for TCSH.  

Just as there is for money market mutual funds with duration in the order of 90-120 days. While I agree they are in the same asset class, i.e. ISAs vs MMFs vs Cash ETFs, they are not identical animals. Investors need to understand why they would buy, or not buy, each of those offerings.

It's the same asset class as an ISA but looking under the hood, I would expect higher “in the pocket” interest rate on TCSH. Slightly longer duration, more corporate credit exposure. And I think it's aligned with what we are seeing today with ISA rates -0.5% less.

And I would expect more of a lag when BoC rate changes for TCSH.

Its actual yield will be close to that of TD's F series money market funds (whatever they may be) and/or the likes of BMO95142 money market fund.

These posts should be re-located to the appropriate thread.. This thread is exclusively for ISA offering updates.

Warwick111 said
I have been keeping some short term cash in TDB8150 and currently it is paying 1.8%.
I just noticed that I can buy ETF: TCSH for free and the yield is 2.74%, 1-year return is 2.63% according to yahoo.finance.

Why would I use TDB8150 when I can get better return from TCSH with no fees?  

According to TD, it's 2.59% for TCSH. I wouldn't use Yahoo for this. You will lose a bit on the spread as well. Does not matter if you plan to hold for a while but can be meaningful over short term.

You are essentially comparing something with risk that is close to zero (an ISA) to a very low but non-zero risk product (TCSH). Your pick.

Why would I use TDB8150 when I can get better return from TCSH with no fees?

Norman1 said
Shell gas stations can change the pump prices for certain customers, like customers who pay at the pump with certain BMO credit cards.  

Shell also changes the price at the pump when I insert my CAA card

COIN said
I guess it cuts both ways. Stores have their favourite customers and we have our favourite stores. Free enterprise at work.

Grocery stores are now following what banks and financial institutions have been doing for a few years now. Some people think that banks offer their best rates based on monkeys throwing darts at a board.

What's next? Maybe your local gas station?  

Gas stations are already doing that via their app customer specific promos.
Esso via PCO, Petro Can, CanTire, Journie rewards, they all do.

Grocery stores are now following what banks and financial institutions have been doing for a few years now. Some people think that banks offer their best rates based on monkeys throwing darts at a board.

What's next? Maybe your local gas station?