Many Thanks Ellen for your quick response. Have always been a loyal reader and a true fan of yours. I am now one of your biggest fans. You make so many people happy by what you do.
October 19 2009 by Ellen Roseman
If you want to catch my speech this Wednesday, it will be webcast. You can register and follow this link. There’s no charge for the service. It’s scheduled to be released on Nov. 10.
Category: Finance | 2 comments
Oct 21 2009
I have a question i always wanted to ask someone with a above average knowledge of the financial/banking system … unfortunately I have not been able to locate anyone that just repeats whatever they have been told, read or heard someone else say … so here it goes:
I would like to know if there is a particular product (any bank or financial product) that can be purchased/sold with dual currencies (CAD and USD for example).
In more detail: I would like to purchase a product A in canadian dollars … hold on to it and sell it (in a later day) in the currency of my choice (CAD /USD) with a minimal or near zero currency conversion spread.
To verify your answer, try the following: buy 1000 CAD of your product, sell it in USD and then BUY it back in CAD (when the market is closed and values are not changing).
If you ended up with 950 CAD or more … you might have the answer to my question.
Oct 25 2009
What you are looking for is Norbert’s Gambit: