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I'm looking to transfer some money for a trading account from a canadian bank(CIBC) into a US bank and before I can do that I need to convert into USD. The fee however is 2cents, which is huge. That amount can easily add up and eat up. I was wondering how do the other canadian traders do it?

That's caus they're tournament players. If you're a cash player doing it x hours a week at the tables or online you could live off of it.

I kinda missed how Goldman makes its money in oil? Who is the bigger fool?

Singapore is a small "country". You can't run a real country like a corporation.

I get the feeling that in Canada financial adviser is reserved for people in their 30s and up. You also need a designation. btw: I don't believe McGill is good for its economics department. Not that it matters I go to York.

Ya maybe, you might hear of a famous investor buying your stock so there's support right there. But it's all semantics.

It's just binomial distribution dudes. 1 - (P(0) + P(1) ) Hmm nevermind, I didn't see it was there. you had to make it all complicated.

But exports have really been hit lately by a more than 25% increase in the dollar. At some point the story will start to change, exports won't forever prop the dollar up. Either way the trend is downwards for the CDN.

Well, well, well, he holds retail, financial and auto industry stocks. He should go in housing and he'd have a 4 of a kind. What will his fund do, that's some heavy losses. Margin calls?

Someone could give you the holy grail and you wouldn't even know it.

I will- if you give me the names.

Reading off posts in ET I'd say the ET wasn't caught short.

Do you have any concept of asset inflation? Some builders build a house and sell it to me for $300,000. I transfer $300,000 from me(thru a bank etc) to them. Yay the economy works! But then tomorrow the house is only worth $200,000. Where did the $100,000 go? Irrational exuberance...

Blame it on the dollar... or the fed $$

I guess you could say in nominal terms the dollar has more $$ demanded but its value isn't going up. Mostly only the US has to pay higher gas prices, the other currencies have all appreciated against the dollar. So in the end they use the same amount of their money to buy more shiny american...

The print finger picture was brilliant. Ben must be hurting himself!

The probability to draw pocket aces is 1 over 221, that's pretty well known. That holds of course for any pocket pairs, 13 in total.

People recommend this book highly.

Whatever happened to buying bonds when you needed to put your cash at work?

The problem is valuation. I really like that post saying the internet will grow 100x when countries like China and India come in.. they said the same thing 7 years ago. Social networking is here to stay, but as another poster said, what's Facebook competitive advantage? All those college...