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High interest rate savings account in US dollars?
December 26, 2018
2:49 pm
Buzz
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December 27, 2016
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AndreasChen said
Open a brokerage account and buy ETFs: SHV/MINT/GSY  

Problem with this is that every sell will have to account for FX gains/losses on USD/CAD fluctuations for tax reporting purpose.

Another alternative is to buy ISA at your brokerage, currently I think is at 1.70%.

June 3, 2020
8:34 am
Bud
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February 20, 2018
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Whats the best deal now on the USD side

June 3, 2020
12:10 pm
rhvic
Victoria, BC
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I am getting 2.50% at Tangerine on US$ HISA until July 30, as part of a promotion.

July 3, 2020
6:01 pm
butterflycharm
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Convert your money to CAD when it hits 1.36 or even now and you will right away reap 3%. CAD will get stronger and will come down to 1.32-1.33.

Use a broker to convert if it's a lot to not loose on it.

It's a BAD idea to keep USD now in a GIC and lock it for a year only to get mere 2-3% and USD rate goes down by that much anyway as economy opens up.

Just a though ^^^

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