Investors in the stock market:
Some of the biggest single IPO deals by size and market gain in 2020 happened in American companies like Warner Music Group (WMG), Rocket Companies (RKT), Snowflake (SNOW), and Unity Software (U). So it’s no wonder that many Canadian investors are staking claims in U.S. stocks.
What you don’t want is for those investments to decrease just from converting currencies. Questrade, for example, will take 1.5 to 1.99 percent of your profits both ways while converting CAD to USD. That’s 40 CAD lost for $1,000 worth of U.S. stocks and 2,000 CAD lost for $50,000 worth.
But that’s still better than banks, which would take around 2.5 percent of your money while converting!
You can say goodbye to those profit losses when you switch to Remitbee Currency exchange because we have absolutely zero fees.