However, brokers may levy many other costs such as purchase fees (for some assets such as unit trusts), Others may guarantee surprisingly low rates only to recoup this through high management fees or
even currency conversion costs.
Not exact matches
It probably makes sense for DIY investors to use Canadian - listed ETFs in their taxable accounts —
even though their MERs are slightly higher — to avoid the
cost of
currency conversion.
Even in an RRSP, the total difference of 14 basis points is not likely to outweigh the
cost of
currency conversion in smaller accounts.
These used to be called
currency conversion fees because card issuers said they imposed them to cover the
cost of converting a foreign transaction into U.S. dollars, but now they're called foreign transaction fees because they're charged
even for deals made entirely in dollars.