Norbert Schlenker wrote:2. Add some USD equities to your portfolio.
2 can be done in any number of ways. Why do you want to do it in the RRSP?
adrian2 wrote:You can also use your U.S. Money Market Fund to settle the purchase of a U.S. security (or vice versa). Simply place your order to buy or sell a U.S. security using WebBroker. Once your order is filled, call an Investment Representative at 1-800-465-5463 to buy or sell sufficient units of your U.S. Money Market Fund. Our representative will then set the exchange rates for both transactions to be equal - eliminating the impact of a currency conversion.
You must call by 3:00 p.m. ET on the first business day after your order is filled
marty123 wrote:b) planning to automate this process, but were worried to lose customers to RBC if they didn't come up with a Mickey Mouse way to circumvent their short-comings in the mean time.?
newguy wrote:They've had this for a long time, it's what they called wash trades.
adrian2 wrote:newguy wrote:They've had this for a long time, it's what they called wash trades.
The only new thing, AFAIK, is "TD Waterhouse will automatically set the exchange rates to be equal when you buy and sell U.S. securities on the same day", which saves a phone call in those cases. They are also formalizing what many of us have known to be available for a long time.
Introducing Dual Currency in Registered Accounts!
You now have the option of holding both U.S. and Canadian dollars in your registered accounts with the introduction of Dual Currency in Registered Accounts. Now, when you trade U.S. based securities in most of these account types (see list below) you can choose to settle in U.S. dollars to avoid the cost and inconvenience of foreign exchange from and to Canadian dollars. This new capability also gives you the flexibility and control to decide when and if you convert your U.S. dollars back to Canadian dollars.
For your existing registered account, the U.S. dollar side is automatically available, you do not have to request for it to be added - offering the convenience of managing the U.S. and Canadian sides within a single integrated account.
Dual Currency in Registered Accounts is available in the following existing and new accounts:
* Tax-Free Savings Accounts (TFSAs),
* Registered Retirement Savings Plans (RRSPs),
* Group RSPs,
* Registered Retirement Income Funds (RRIFs),
* Life Income Funds (LIFs),
* Locked-in Retirement Income Funds (LRIFs),
* Prescribed Retirement Income Funds (PRIFs),
* Restricted Life Income Fund (RLIF),
* Locked-in Retirement Account (LIRA),
* Restricted Locked-in Savings Plan (RLSP).
To learn more about this new capability for your registered account(s) view the frequently asked questions.
Shakespeare wrote:Just called in to RBCDI and had my Vanguard ETFs journaled over. They should show up in US$ tomorrow.
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