converting USD to CDN

[bespoke]

What's the best way to cash USD checks in CDN to save on the spread. Any specific banks with better rates? Should I open an account in USD? I figure there must be a way to save hundreds if not thousands per month. Any tips and tricks are appreciated.

 

[arbprofit2]

I'm assuming you're in Canada. Vancouver Bullion, Custom House etc, will give much better rates than banks.

 

[Tums]

open an account with IB

the have the best spread.
you can withdraw in any currency you want.

 

[FCCT]

Best way would be to wire to a broker in USD, convert at spot in 25k + chunks, withdraw to a CAD account. Per 100k USD should save about $1000 in spreads vs the banks.