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When travelling to a foreign country, you may be tempted to exchange your currency at the airport. However, exchanging your currency at an airport is not a good idea. While it may be convenient, it comes with hefty fees that make them a costly option. You’ll need to use the local currency when in another […]
Foreign investors and international businesses are more vulnerable to foreign exchange risk due to exchange rate volatility. The foreign exchange rates can increase or decrease depending on inflation rates, interest rates, and terms of trade. If you’ve invested in foreign assets and make international money transfers frequently, it’s imperative to understand the various types of […]
So you’re finally thinking of opening a US dollar bank account for your cross-border needs. Well, you’re in luck: there are a number of options available to you. The big five Canadian banks all offer US dollar bank accounts. However, some offer better cross-border solutions than others in terms of breadth of service, ease of […]
If you are a Canadian who travels to the United States regularly or someone who just requires US dollars for paying bills or making purchases or you get paid in US dollars but live in Canada; then it’s in your best interest to open a USD chequing account in Canada. If you’re a Canadian snowbird […]
Earlier this month, the United States government announced a 25% and 10% tariff on steel and aluminum imports to the US respectively. The objective of the US government is to increase market share for steel and aluminum at home and increase employment in the industry, which could move the economy forward using an industry that […]
You want to make the most of your golden years and where you choose to live when you retire is one of the most important decisions. Many opt to move to warmer locales in Florida and Arizona, but there’s plenty of towns to live in retirement in Canada that will provide a high quality of […]
Are you looking to change banks or just exploring options because your bank charges monthly account fees, wants you to maintain a minimum balance and just doesn’t give you a large enough interest on your savings? If you answered yes to any one of the questions above, then look no further as Tangerine (formerly known […]
Could we be in the midst of a Vancouver real estate crash? The government of the People’s Republic of China put in place currency exchange regulations which are meant to curtail skyrocketing investment in overseas markets, which has caused the astronomical price of real estate in Vancouver. The new regulations were a surprise to Chinese citizens when they were […]
Today, the world is more prosperous and safer than any time in history. However, globalization has not evenly distributed wealth across the globe, with several countries having to cope with astronomical inflation, while the developed world manages at a reasonable rate of 2-3%. There are several factors contributing to the dramatically decreased value of the […]
If you’re traveling or using your credit card to make purchases in foreign currencies, you’re getting hit with a 2.5% fee every time you make a foreign currency purchase on your credit card! Here’s how to avoid that fee. When making purchases in a foreign currency, paying in cash is one of the most common […]
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