I'm liquidating all my Canadian assets and getting the f out in the next 2 years hopefully. My question is to anyone doing this or at least having put thought into it is: what should I change my worthless CAD to until I establish myself elsewhere? I'm talking about sums >100k. Currency exchanges take huge cuts on every change from my experience and bullion can't be freely transported accross borders. I'm not comfortable holding large CAD sums for any amount of time because it's decomposing trash. Where I go will be mostly dependent on my work situation, but the eurozone seems probable. Any tips?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (52)
sorted by:
Thanks, great tip! You remind me that I had USD for my NYSE trading account and that the fees to transfer CAD to it were not outrageous. I would consider changing my money to USD after Trump wins 2020. If he loses, the USA and USD are royally fucked.