If you’re wondering how NBDB is going to make money if they don’t charge any fees, it’s important to point out that they will charge you a $100 account fee if you’re account is under $20,000, and that they will make money off currency exchange when you buy stock in US Dolla...
What many people don’t realize is that while a weakening currency vs our most important trading partner (by far) is kind of a drag when it comes to planning holidays or importing goods, it’s incredibly valuable to our companies. Canadian goods and services are effectively getting priced at...
Another comparison point is fees for services like eTransfers, foreign exchange currency transfers, overdraft fees, or fees for automated bill payments. When it comes to our most recommended option of EQ Bank, their combination of low fees and high interest rates just cannot be beat. They’ve ...
Since it was a Sunday afternoon, the medical consultants and interpreters who would normally be manning these booths were away. Not a huge deterrent to me, since my budget for the week doesn’t exactly include plastic surgery! Also, there’s a KEB currency exchange booth located next to the...
Turning to page 13, let me highlight a few of our key expense categories on a constant currency basis. Labor and fringe benefit expense was 18% lower than last year. Overall headcount at the end of the second quarter was down 5,100, a 19% decrease year-over-year. Purchased services...
In this case, we’re talking about Canadian bank accounts holding US currency as opposed to American bank accounts. USD chequing accounts can be useful for people who frequently move money across the border and/or want to avoid foreign transaction fees. You can learn more in our list of ...