![]() ![]() MoneySense is owned by Ratehub Inc., but remains editorially independent. MoneySense is a digital magazine and financial media website, featuring content produced by journalists and qualified financial professionals. Most brokerages don’t allow this with RRSPs. Note that this technique only works if you can hold U.S. You’ll pay two commissions and lose a little on the bid-ask spread, but you’ll still save big overall. Place an order to sell all of your DLR.U shares.dollar side of your account, where they should show up as DLR.U. Call your discount brokerage’s customer service desk and ask them to take your DLR shares and “journal them over” to the U.S.The trade will settle in Canadian dollars. Place an order for that number of shares.Get a quote for DLR and calculate how many shares you can buy for $10,000 Canadian.Here’s how you can use this ETF to exchange $10,000 Canadian: ![]() The difference in price between the two versions reflects the current exchange rate: at press time, DLR was trading at $10.18 Canadian, while DLR.U was priced at $9.96 U.S. The first, with the ticker symbol DLR, is bought and sold in Canadian dollars, while the second, DLR.U, trades in U.S. Dollar Currency ETF, Norbert’s gambit is now easier than ever. ![]()
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