Bank Some U.S. Dollars Now
Posted on 14-May-2011 to Investing
Read this week’s personal finance column in the Canadian newspaper The Globe and Mail by Smart Cookie Angela Self.
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If you plan on cross-border shopping this summer, you may want to bank some U.S. dollars now, while the exchange rate is in our favour. If you open a U.S. dollar account through your Canadian bank, you can apply for a U.S. dollar credit card to access your funds while in the United States – and avoid paying the conversion fee on your purchases, which is 2.5 per cent at most financial institutions
