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Old 07-11-2016, 02:44 PM   #131
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To secure my future for a 5.0 TA before the CAD goes back up, I grabbed a position in FXC. Now all I have to do is find a way to afford a F150 that I could drag it around with.
Hi: Zardoz... A Ford in your future might be a year end clearance 0% finance with Ford Credit. It was hard enough for me to afford the Frontier for a "Dragster". Alf
escape artist N.S. of Lake Erie
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Old 12-27-2016, 03:45 PM   #132
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Yesterday CDN to US was 76 cents. Today it's 74 cents... if you care.
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Old 12-27-2016, 04:01 PM   #133
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There is another thread about this too: How to hedge exchange rate? I followed some good advice there and opened an EverBank World Market Portfolio CAD account. I first opened one of their Money Market accounts so that I could do online transfers from my local credit union. Then it was just a matter of moving money from the Money Market into the World Market account whenever I thought the exchange rate was to my benefit. It is not immediate - you usually get the next day rate, but they gave me good rates always. When I am ready they will wire transfer the funds in CAD right to ETI for about $40. They have been very helpful to deal with so far.
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Old 12-27-2016, 07:05 PM   #134
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There is another thread about this too: How to hedge exchange rate? I followed some good advice there and opened an EverBank World Market Portfolio CAD account. I first opened one of their Money Market accounts so that I could do online transfers from my local credit union. Then it was just a matter of moving money from the Money Market into the World Market account whenever I thought the exchange rate was to my benefit. It is not immediate - you usually get the next day rate, but they gave me good rates always. When I am ready they will wire transfer the funds in CAD right to ETI for about $40. They have been very helpful to deal with so far.
I used the same process as Eric except I transfered money from my BoA account into the Everbank Money Market Account (no charge) and also set up a CAD World Market Access acct and then you are able to purchase CAD with your USD. Everbank charged a .75% spread which beats what you will find at most banks. It worked well for me and I had Everbank mail a Bank Cheque directly to ETI in CAD for a ($25) fee. They will also wire the money but it's a little more expensive ($40), I believe.

Just wanted to say I had no issues (except that the CAD seems to keep falling vs the USD so whenever you are comfortable with the exchange rate, go for it.
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