Forbes: 10 Reasons Canada is Cheering

Quote from dandxg:

When I called RBC, and BMO they want to charge me approx. 1.5, its been 6 months. What I should have done, in retrospect, is wait until oil on a seasonal play, since loonies is highly correlated to crude, and then did it. I do believe the loonie will pull back and I will have another shot.
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1.5 is insane, I've never heard of such a thing.
Again, can't you convert USD to CAD at your American bank?
 
Quote from Kassz007:

1.5 is insane, I've never heard of such a thing.
Again, can't you convert USD to CAD at your American bank?
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I never checked, but don't think so. RBC offered funds held in USD I declined. The point is to get out of USD.
 
Quote from Kassz007:



Biggest plus in my eyes is the fact of how easy I sleep at night. I know my money is safe in my bank. I know my bank will not go belly up. I know my dividend is safe in my BNS and RY investments :D
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Really?

I would think it would keep you up at night knowing a country that could be on the brink at any moment and controls the strongest, most aggressive, most heavily armed military Super power the world has ever known, is only minutes away from destroying you at any moment if things get too crazy down here and we're forced into a power grab.
 
Quote from dandxg:

I believe, it was several months ago, OECD gave Canada the most sound fiscal ratings for banking. I have looked at opening accounts, but every time the want to rip me so bad on the exchange USD to CDN, approx 1.5 cents, for a larger account.

To your second point, yes short term boost to BC, but I have seen studies where long term its a financial drain on hosting country. Greece I heard spent 9 bil, granted they have a lot of other issues besides that.

The downside of a sound banking system is no competition. My buddy in Ontario complains about the fees from banks and brokers too. Have you seen the cost per RT with a Canadian based futures broker, its a joke. Trade Freedom was like $10 last time I checked. But hey your accounts are insured by CIPF.
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Welcome to Canada. The banks own the financial system and instead of being wild gunslingers making money on high frequency trading, they make loads of money screwing their customers.
 
Quote from Random.Capital:

The Top 10 reasons are...

#1: Incredible natural resources to population ratio.

#2 thru #10: See #1.
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It's a myth - because most of those resources are owned by foreigners.

Sorry to break the news.

Cdn government has been telling this lie for a long time.
 
Quote from Deadwood:

Really?

I would think it would keep you up at night knowing a country that could be on the brink at any moment and controls the strongest, most aggressive, most heavily armed military Super power the world has ever known, is only minutes away from destroying you at any moment if things get too crazy down here and we're forced into a power grab.
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LOL I choose not to live my life in constant fear of wild conspiracy theories that have no basis of truth. But thanks for your contribution to the thread.

As an aside, we were at war in 1812. And we burned down your Whitehouse. :D
 
Quote from Renegen:

Welcome to Canada. The banks own the financial system and instead of being wild gunslingers making money on high frequency trading, they make loads of money screwing their customers.
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Read any type of customer review from Canadians on their banks. You will find that we are most satisfied with our system.

There are many things the world could criticize Canada for, the banking system is certainly not one of them.
 
Quote from Lawrence Chan:

It's a myth - because most of those resources are owned by foreigners.

Sorry to break the news.

Cdn government has been telling this lie for a long time.
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Right...Abundant natural resources in Canada are all owned by foreigners...

Thankfully we have such knowledgeable insiders as yourself, Mr. Chan, to tell us the truth! We must get the word out!

Please provide some type of link to substantiate your flawed personal opinion.
 
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