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Foreign Exchange

What is Foreign Exchange?

 

The buying and selling of currencies. Exchanging a dollar amount of one currency for the equivalent dollar value of another currency.


What currencies can I exchange on the site?

 

Canadian and US currencies can be traded at this time.


In which accounts can I place foreign exchange conversions?

 

Foreign exchange conversions can be conducted in all accounts except RESP (Registered Education Savings Plan) accounts.


What time of day can I place a foreign exchange conversion?

 

Foreign Exchange conversions can be placed between the hours of 8:30 a.m. to 4:15 p.m. (ET) Monday to Friday.


How is the foreign exchange rate calculated?

 

The foreign exchange rate is based on the current trading value of the Canadian and US dollars.


Is there a fee for carrying out a foreign exchange conversion?

 

For the purpose of Foreign Exchange transactions the fees are built into the transaction.

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