Currency

It’s hard to manage your finances, let alone in two countries – ask any snowbird or Canadian who regularly crosses the border for shopping sprees down south. You need two of almost everything, from chequing accounts … Read More

Those Black Friday bargains south of the border may cost a lot more than you expected if you don’t take into account the exchange rate, duties and taxes, and credit card currency transaction fees.

Vacations are many things: exciting, relaxing and even rejuvenating. But they’re not always cheap. If you’re travelling outside of Canada, there’s something to consider that can make a vacation even more expensive: currency risk.

Many Canadians go south in the winter to escape the Canadian cold. So-called “snowbirds” have been flocking to places like Florida for ages. For most of the past decade, snowbirds have had the advantage of a … Read More

For the most part, guaranteed investment certificates (GICs) sold in Canada are denominated in Canadian dollars. This means that at the end of the term, you receive your money in the currency of this country. However, … Read More