Services offered by the Canadian Imperial Bank of Commerce include corporate lending services, foreign exchange, money market instruments, structured notes, interest rate products and OTC derivatives. I find it more convenient at rebalancing time because all the distributions were automatically converted to CAD and I can just make purchases using the accumulated dividends plus new contributions all in CAD without paying for currency conversion. Sorry, I don't use Investor's Edge. Learn more about banking for established businesses at C I B C. For your convenience, you can set up email notifications to confirm when your stock and option orders have been completed.
Welcome to Electronic Trading @ CIBC
Let insights from industry experts help you stay on top of the markets. Transcript Transcript for the video. Luc de la Durantaye. Learn how smart planning can help you reduce your taxes and preserve your wealth. Transcript Opens a new window in your browser. The full Knowledge Bank has an extensive collection of free videos, articles and exclusive webinar replays.
Want to have it all? Build your confidence with the Knowledge Bank. Open an account online. Register for upcoming webinars. English With Peter Ashton October 3, Economic and market insights Let insights from industry experts help you stay on top of the markets. Luc de la Durantaye Money Minute: What does this mean for investments? Everything gets immediately converted to CAD. So yeah it makes life a bit simpler.
Maybe there's an option in the brokerage interface that controls how this displays. But I would still rather do occasional back-of-napkin math than do Norbert's Gambit every time I want to buy something. Rebalancing between two RRSP accounts denominated in different currencies would be a problem or at least a major hassle if there was a major shift in your account values. FYI you can get instant spot prices at http: Thanks for the info.
Sorry, I don't use Investor's Edge. Although it has gotten better, the commissions are still too high for me. I will gladly still do Norbert's Gambit even if the bp is less than So far I've placed almost all my trades without commissions because of various promotions. Questrade is better on commissions because always zero beats sometimes zero to buy an ETF. Then I realized they might not charge enough currency spread to make Norbert's Gambit necessary, which was a pleasant surprise.
I'm just sharing this info with others and seeing if anyone else had done the math after one of their trades and can confirm my observation. But it's really nice to see CIBC stepping up their game though. I really am happy that finally we have some decent brokerage competition now. I've heard Scotia and BMO are also getting cheaper and better.
I do see the benefit of having your banking all in one place though. I generally keep enough cash in my regular banking so I decided with Virtual Brokers and Questrade.
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