How can I save money on the exchange rate?

If you’re willing to wait more than 5 days to execute the recommendations, you may want to save on fees on the CAD/USD conversion by using this little known secret called Nobert’s Gambit strategy.

For example, if you’re converting over $10,000 CAD to USD, you could save 2% ($200) on fees. Instead of paying 2% in fees, you might just pay at the most, $16 in commissions.  

However, if you prefer to execute the recommendations immediately and are willing to pay the 2% fees, you could buy the stocks on Margin and convert your CAD to USD (or vice versa) to settle the following business day. 

Resources:
Nobert’s Gambit strategy on Questrade: https://wealthsavvy.ca/norberts-gambit-questrade/