Where'd you get the .667 from, MU? I mean, there's the exchange rate, and the rate your bank will PAY for CDN and the rate your bank will SELL CDN to you at...
...and then, as I've suffered from on the opposite side (I'm a Canuck and trading on the NASDAQ from a US account but had to transfer CDN dollars there first), there's the rate your *broker* uses to buy and sell - a different rate for each, and MY broker keeps about a 5 (five, FIVE) percent cut of the action on a full round trip.
In other words, if I buy a USD (NASDAQ) stock from my CDN account, they'll use (example only) 1.53 to exchange my CDN for US on the purchase, and 1.48 or 1.49 to exchange the US to CDN when I sell! Which is why I set up a USD account, so they only get to soak me this way on ONE exchange round trip, not every time I buy and sell. I mean, I'd make 10% and they'd keep 5!
Anyway...perhaps this is the explanation? There's no way it is something over the edge like misreporting to you the price they bought or sold at on your behalf.
WUWT
WUWT |
