Monday, January 11, 2016

Converting USD to CAD using Norbert's Gambit in TD Waterhouse [DLR.U -> DLR]

To convert USD to CAD

TD Waterhouse

  • I bought 2000 DLR.U at $9.96 ($9.99 commission) on Tuesday
  • Call TDW to journal to CAD Margin right away (+2/3 days)
  • I see DLR in CAD Margin on Friday
  • I sold 1000 at $13.9, another 1000 at $14.1 .. guess what, it's now $14.2 ... one can never win :(
Overall, quite an easy conversion to do to save FX fees and get the best rate




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