FX Online @ CIBC – Manage your business’ foreign exchange ...

Is HARC just an investment in CIBC's Forex team?

I've been looking into HARC because the FOREX trading market is one of those untouched things by most investors (probably for good reason), but because there are billions in volume happening every day, there seems to be people making money off of the speculation of prices.
I had bought HGC and HARC when they came out (just play money) and Horizons decided to close down HGC because it's rules made it only long currency (and it didn't have as much invested as HARC, so was likely unprofitable). HARC on the other hand allow for long and short positions on currencies.
I figured HARC would do quite well with the current financial crisis; analyst sees the market going down, fund immediately shifts to USD to weather currency storm. But HARC has gone down in this crisis as well. Wondering what PFC's take on HARC is. I've been looking for other active multi-currency ETFs but HARC seems to be relatively unique. In my research I came across this post
https://www.reddit.com/Forex/comments/64bfb3/i_dont_want_to_trade_but_i_do_want_some_fx/dg172zm?utm_source=share&utm_medium=web2x
Do people generally agree with this person's sentiment?
submitted by SolarDesalination to PersonalFinanceCanada [link] [comments]

Trying to trim down my credit cards

Just (probably) graduated in April, and I'm trying to clean up my credit cards. Don't really like having a bunch of cards that I never use.
Currently, I have:
CIBC Visa SPC(?) from 2015 - 3500 CL, not a revolving account on creditkarma if that makes a difference
BMO SPC or whatever replaces it from May 2017 - 3000 CL
Rogers World Elite from January 2020 - 1000 CL
Amex Personal Platinum from May 2020
I don't really use the CIBC, BMO that much - especially the CIBC, and I got the Amex Platinum to replace Rogers World Elite. I have USD and USD credit cards so the forex rates don't matter a whole lot to me anymore, especially with the nerfs and spending minimums.
What should I get rid of?
submitted by PaninosBoy to PersonalFinanceCanada [link] [comments]

Brim 0% Forex Fee will NOT use Mastercard's rate

source: https://forums.redflagdeals.com/brim-mastercard-no-fee-foreign-exchange-card-2169126/174/#p29509940
submitted by emilio911 to PersonalFinanceCanada [link] [comments]

Cheapest low fee card to access money in Southeast Asia?

Hello, I plan to travel to Southeast Asia for about 6 months and can’t seem to find a good way to access money without getting charged with fee on top fee. Are there any cards available to Canadians that are specifically for travel?
Is there any debit cards available that don’t charge an atm withdrawal fee and/or foreign transaction fees? Would a credit card be better?
submitted by TakeADaytrip to PersonalFinanceCanada [link] [comments]

Finding ATMs for Forex Card in Toronto with 1000CAD withdrawal limit

I just moved to Toronto, and have a forex card locked and loaded. Since I cannot transfer money to my account from forex card, I am looking to withdraw cash from the ATM.
Due to high withdrawal fees, I want to make minimum withdrawals. I want to withdraw around 1500CAD for initial rent payment.
Visited CIBC Bank, but all their machines had limits of 400CAD. So, which ATMs can I try which have withdrawal limits of around 1000CAD?
submitted by RedEyeDude to PersonalFinanceCanada [link] [comments]

How-to & FAQ for holding Bitcoin and Ethereum in an RRSP/TFSA

A few months ago I came across a way to hold crypto in my RRSP/TFSA and have been answering questions about how to do that in comments, DM's, and Skype consults. I figured it would be helpful to put together one big comprehensive FAQ. Cryptocurrency is treated as a commodity by the CRA and you must pay capital gains taxes on any profits if held outside a TFSA. If bitcoin goes to $1m as some are predicting, the Canadian government is going to be taxing a huge windfall in capital gains taxes.
BACKGROUND
Bitcoin & other crypto cannot be held directly in a RRSP/TFSA, and there are no eligible ETF's in North America yet. However, the ETN COINXBT which trades on the Stockholm Stock Exchange in Sweden (Nasdaq Stockholm) is eligible.
ABOUT COINXBT
COINXBT holds bitcoin directly and its price per share is based on a 0.005 multiple of the current bitcoin price.
For example, if the current price of bitcoin is $10000USD, a share of COINXBT will be worth $50USD (ie: $493 Swedish Kroner)
Company's website and full prospectus at: https://xbtprovider.com/
Price quote / chart: https://www.bloomberg.com/quote/COINXBT:SS
HOW-TO TRADE
Only some Canadian brokerages allow you to trade on eligible international exchanges in your TFSA. Some do not.
Typically placing trades on international exchanges online is not an option and must be made over the phone broker-assisted at a much higher cost than typical North American securities.
CANADIAN BROKERS
I've called pretty much every brokerage to inquire if international securities can be held in a TFSA and what the fee is to transact. You may want to call yourself to see if policies have changed, but here's a summary:
Not available, or not available in RRSP/TFSA:
FAQ's
Are you sure it's legal? I'm quite sure it's illegal.
Who is your broker? CAD account?
How do I make a trade once I'm ready?
How do I calculate the number of shares to trade to max out my TFSA?
Market or Limit order?
When can I trade? Is it only possible to make the trade while the Swedish market is open and the TSX are open at the same time? Or can you place the order at any time of day?
Which number did you use to contact the brokerages?
What happens when there is a fork?
What about other cryptocurrencies?
How is the price of COINXBT determined?
Why not just buy GBTC?
Why can't I place a trade online myself?
Feedback
If you've managed to get crypto into your RRSP/TFSA in any other ways than listed above please do leave a comment and I'll update the post. Thanks!
submitted by Bastiat to BitcoinCA [link] [comments]

Which online trading platform do you use?

Hey guys, my first post here.
I have 4 years of experience in (recreative) trading. Most of was on practice accounts, I admit, since I had no capital in the past. Year ago, I started trading for real on Oanda and made profits that made me realize I should get more serious about trading.
The problem about Oanda is that there are no more than a 100 markets to choose from, not even Bitcoin for example. So I started looking for another platform only to find 90% of them are actually scams and a whole bunch of requiring 10,000$ minimum deposits. IB seemed perfect for my needs, I traded with their practice account but I read countless bad reviews and concluded they scam traders (occasionally) as well.
Can you recommend me an online platform that isn't a scam?
Which online trading platform do you use and why?
submitted by DeepWeb333 to stocks [link] [comments]

Questrade for Quants and tips for newbie!

Hey guys!
This is first time for me to be on Reddit, so please kindly let me know if I post in wrong place.
I am quite new to stock market and do not have that much fund as I could probably invest about $1000. But, I guess it is worth to start trading as it seems that I finally find something that I am interested in. I have been doing a paper trading, but I realize there are moments I miss a place to buy. Although I have tried to trade with my CIBC InvestorEdge but, the commission really hurts me as my capital is too small. Moreover, I am interested in either day trading or swing trading, so commission really matters, which is the reason why I would like to use Questrade as their benefit for ETFs is just too good to be true. Back to what I was saying, this is very frustrating and I was trying to find a way to solve this problem (enter at the price I want. I used limit order but.... it sometimes requires even faster calculation which is not really ideal), and I heard there are ways to do with computer programming. I am currently majoring in mathematics, and know how to program in python, Java and matlab. I was looking into MQL4 but it does not seem to be working for buying ETFs or Stocks. Please give me some tips what to do.
FYI, I am currently in BC Canada, so I believe I wouldn't be able to do Forex.
submitted by bbuyobbuyo to investing [link] [comments]

CIBC Investor's edge USD RRSP

From what I read the ability to hold USD in RRSP at CIBC IE starts tomorrow. I would be curious of people's experience with:
1) Forex spreads. In registered accounts (at least RRSP) these had been very low from reports. Has this changed for the worse?
2) Norbert's gambit. How did you do it? Phone call necessary? How long did it take?
3) How dividends from US securities are treated. Do you have to request the currency? What is the spread on the exchange to CAD?
Thanks!
https://www.reddit.com/PersonalFinanceCanada/comments/32z349/currency_conversion_charges_at_cibc_investors/
submitted by username10983 to PersonalFinanceCanada [link] [comments]

Neurobiopharmacological Etudes by Dead Hippie Squadron - 'METHAMATICS' - Complex artistic-spiritual and scientific equations arising from years of practice as an urban shaman

‎EDM‬ ‪#‎IDM‬ ‪#Cybernetics #‎Transhumanism‬ ‪#Neural Networks #‎Experimentalism‬ ‪#Crypto$ #‎Trap‬ ‪#Cryptocurrency #‎Future‬ ‪#Markets #‎Avantgarde‬ ‪#‎Yiff‬ ‪#FOREX #‎Coffee‬ ‪#Derivatives #‎Starship‬ ‪#blood #‎Unicorn‬ ‪#‎Laser‬ ‪#Gore #‎Trapstep‬ ‪#‎LSD‬ ‪#Horrorcore #‎Jetpack‬ ‪#‎Syzurp‬ ‪#Terror #‎Heroin‬ ‪#‎Illuminati‬ ‪#Sonic warfare #War #‎CIA‬ ‪#‎Elmo‬ ‪#‎Zika‬ ‪#Propaganda #‎KFC‬ ‪#‎Whiskey‬ ‪#‎Alpha‬ ‪#‎Bravo‬ ‪#‎Delta‬ ‪#‎Swordfish‬ ‪#Psychoacoustic #‎MKULTRA‬ ‪#‎GrandStrategy‬ ‪#‎Nihilism‬ #Mindcontrol #CraftBeer #Stoics #FlyingCar #Brainwashing #BeavisandButthead # China Human Rights #Tienanmen Square #Nuclear Proliferation #Hoverboard #Epidemic #Ballistic Missles #Holy #Hashish #Hyperdrive #Bitcoin #Rave #Gravity alteration #Pyramid #House #ecoterrorism #Lobster #Heroin #Animal liberation front #Laxative #Cookies #Perscription hydromorphine #MDMA #Ketamine #Marijuana #Doberman #Fentanyl #Jetsons #Guitar #W18 #Vancouver #Apocalypse #Carfentanyl #Battleshit #iPhone #Chinese Invasion #Sextape #Assymetrical #DTES #Warfare #Coke #Epidemic #Kittens #MagicCarpets #Moon #Beehive #BearClaw #Stomach #China Communist Party #Fentanyl #Deathsquad #AXECREW #BlackMarket #Organ #Beijing wants to kill all the junkies in Vancouver, aka my neighbours and self, so the Asians holding somewhat valuable real-estate watch their investment climb as the lack of poor means trendy shops and gentrification can move swiftly without opposition or obstruction. #Discuss? #Sale #Secret #HarryPotter #Written #Darkagenda #On #Sixhundredandsixtysix #HumanFlesh #Blackops #cyberop #Psychological warfare #Luxury #Art #Stationary #Disease and #Poverty as weapons in the #war of the #classes. #Class-system #Caste system #SkinnedAlive #LocallySourced #Snuff #Necrobestiality #FreeRange #Cannibal #GiftShop #BlackMagic #TurntoGodyouFuckingSinner #Campbell's #Tomato #Soup #Goof #Needle #Skidrow #Jibbernaut #FalseTeeth #Investor #trap #FreeMoney #Job #dumpstep #Free #Trumpstep #Sex #Dolphin #Putin #Cactus #ICBM #Investing #TopSecret #Covfefe #Classified #Oil #Declassified #Unclassified #Proprietary #Abstract #Patent #Theoretical #Hypothetical #Analysis #HashOil #Dobie #Hashtags #Market #Predictions #Hash #Stocks #Money #Cash #Mutualfunds #GICs #Fintech #Paid #Opportunity #Deepdreaming #Collective #Subconscious #Easy #Revelations #unconscious #Soap #Milk #Metaconscious #Honey #Bravo #Forte #Spiritworld #Agitato #Rhythm #DJ #Dreamtime #Composer #Prophecy #Sprinkles #Vodka #PolandBall #Mac #2017 #Cocaine #Japan #2018 #CageHome #2917 #GoogleSatan #Kurwa #MortalCombat #Human #Experimentation #Sacrifice #Bloodletting #Ritual #Slaughter #Orgy #Picnic #Gardening #Rough #Sexual #Encounters of the #First #Second & #Third kind. #Gold #Silver #ETHereum #Bitcoin #Rainbows #Rain #Dogecoin #Puppies #Travel #Litecoin #Swag #Space #Aliens #Hashing #Conspiracy #Algorhythm #Sugar #Anal #Financial strategy #Advice #Supercomputed #data #Predictive analysis and #Analytics #social media #Monitoring #Disruption #Disruptive #Emerging #Technology #Trends #Predictions #Predator #Fuck your #Dog in her warm pu$$[y]. #Amen #Ramen #Shaman #Urban #Outdoorsman #Homeless #Wolffurry #DeadHippieSquadron #Zembrowski #Julian #GoodVSEvil #CIBC #RBC #ScotlandYard #MI6 #Shadow #Agency #Conspiracy #theory ...or is it #Fact #Truth or #Unannounced #Strategic #endgame #Apocalypse #Hell #Heaven #Reincarnation #Being and #Nothingness #Trudeau #Ambient #‎EDM‬ ‪#‎IDM‬ ‪#‎Transhumanism‬ ‪#‎Experimentalism‬ ‪#‎Trap‬ ‪#‎Future‬ ‪#‎Avantgarde‬ ‪#‎Yiff‬ ‪#‎Coffee‬ ‪#‎Starship‬ ‪#‎Unicorn‬ ‪#‎Laser‬ ‪#‎Trapstep‬ ‪#‎LSD‬ ‪#‎Jetpack‬ ‪#‎Syzurp‬ ‪#‎Heroin‬ ‪#‎Illuminati‬ ‪#‎CIA‬ ‪#‎Elmo‬ ‪#‎Zika‬ ‪#‎KFC‬ ‪#‎Whiskey‬ ‪#‎Alpha‬ ‪#‎Bravo‬ ‪#‎Delta‬ ‪#‎Swordfish‬ ‪#‎MKULTRA‬ ‪#‎GrandStrategy‬ ‪#‎Nihilism‬ #CraftBeer #Stoics #FlyingCar #BeavisandButthead #NuclearProliferation #Hoverboard #Epidemic #Holy #Hashish #Bitcoin #Rave #Pyramid #House #Lobster #Heroin #Laxative #Cookies #MDMA #Ketamine #Marijuana #Doberman #Jetsons #Guitar #Vancouver #Apocalypse #Battleshit #iPhone #Sextape #Assymetrical #Warfare #Coke #Kittens #MagicCarpets #Moon #Beehive #BearClaw #Stomach #BlackMarket #Organ #Sale #HarryPotter #Written #On #Sixhundredandsixtysix #HumanFlesh #Luxury #Art #Stationary #SkinnedAlive #LocallySourced #FreeRange #Cannibal #GiftShop #BlackMagic #TurntoGodyouFuckingSinner #Campbell's #Tomato #Soup #Goof #Needle #Skidrow #Jibbernaut #FalseTeeth #Investor #FreeMoney #Job #Free #Sex #Dolphin #Cactus #ICBM #Investing #Oil #HashOil #Dobie #Hashtags #Hash #Money #Cash #Paid #Opportunity #Easy #Revelations #Soap #Milk #Honey #Bravo #Forte #Agitato #Rhythm #DJ #Composer #Prophecy #Sprinkles #Vodka #PolandBall #Mac #Cocaine #Japan #CageHome #Kurwa #MortalCombat #Rainbows #Rain #Puppies #Travel #Swag #Space #Aliens #Conspiracy #Sugar #Anal #Advice #Ambient dub #Industrial ambient #Dark ambient

Drone music

Isolationism

Breakbeat

Acid breaks

Baltimore club

Big beat

Broken beat

Florida breaks

Nu-funk

Miami bass

Jersey club

Nu skool breaks

Disco

Cosmic disco

Disco polo

Euro disco

Italo disco

Space disco

Downtempo

Acid jazz

Chill-out

Flamenco Chill

Ethnic electronica

Psybient

New-age music

Trip hop

Drum and bass

Darkstep

Drill and bass

Drumstep

Funkstep

Hardstep

Jazzstep

Jump-up

Liquid funk

Neurofunk

Sambass

Techstep

Skullstep

Electro music

Freestyle music

Electroacoustic music

Acousmatic music

Musique concrète

Electronic rock

Alternative dance

Indietronica

Coldwave

Dance-punk

Dark wave

Electroclash

Electronicore

Ethereal wave

Krautrock

New rave

Nu-gaze

Space rock

Synthpop

Synthpunk

Electronica

Berlin School

Chillwave

Vaporwave

Dubtronica

Folktronica

Funktronica

Laptronica

Livetronica

Hardcore

4-beat

Breakbeat hardcore

Bouncy techno

Breakcore

Digital hardcore

Darkcore

Gabber

Happy hardcore

Mákina

Melbourne bounce

Speedcore

Terrorcore

Trancecore

UK hardcore

Hardstyle

Dubstyle

Jumpstyle

Lento violento

Rawstyle

Hi-NRG

Eurobeat

Eurodance

Bubblegum dance

Italo dance

House Music

Acid house

Ambient house

Balearic beat

Chicago house

Deep house

Diva house/Handbag house

Dream house

Electro house

Big room

Complextro

Dutch house

Fidget house

Moombahton

Moombahcore

Euro house

French house

Funky house

Garage house

Ghetto house

Ghettotech

Glitch house

Hardbag

Hard house

Hard Bounce

Hard Dance

Hard NRG

Nu-NRG

Hip house

Italo house

Jazz house

Kwaito

Latin house

Microhouse/Minimal house

New beat

Nu-disco

Outsider house

Progressive house

Swing house

Tech house

Tribal house

Tropical house

Witch house/Drag

Industrial music

Aggrotech

Cybergrind

Electro-industrial

Dark electro

Electronic body music

Futurepop

Industrial metal

Industrial rock

Japanoise

Neue Deutsche Härte

Power electronics

Death industrial

Power noise

IDM

Glitch

Wonky

Jungle

Darkcore jungle

Raggacore

Ragga-jungle

Post-disco

Boogie

Electropop

Dance-pop

Dance-rock

Techno

Acid techno

Detroit techno

Dub techno

Free tekno

Hardtechno

Minimal techno

Nortec

Schranz

Tecno brega

Techdombe

Trance music

Acid trance

Dream trance

Goa trance

Hard trance

Ibiza trance

Nitzhonot

Psychedelic trance

Dark psytrance

Full on

Psybreaks

Suomisaundi

Psybient

Progressive trance

Tech trance

Uplifting trance

Vocal trance

Melodic trance

Classic trance

Epic trance

UK garage

2-step garage

Dubstep

Brostep

Purple sound

Breakstep

Future garage

Grime

Grindie

Speed garage

Bassline/4x4 garage

UK funky

Video game music

Chiptune

Bitpop

Game Boy music

Nintendocore

Skweee it.
submitted by jzembrowski to u/jzembrowski [link] [comments]

Euro set for biggest daily fall of 2017 vs. dollar

This is an automatic summary, original reduced by 50%.
LONDON Beset by political worries, the euro was set for its biggest daily fall of 2017 on Tuesday as broad gains halted a four-week run lower in the U.S. dollar.
Both represent large risks to the euro project as a whole and the cost of hedging volatility in the single currency against the dollar around the time of the final French vote on May 7 EUR3MO= rose to its highest in over a week.
The dollar, recovering from its worst start to a year in three decades, gained against a basket of other currencies, rising 0.7 percent.
"The euro is on the defensive, with markets nervous not only about European political risks but also the upcoming reduction in ECB bond purchases," said Jeremy Stretch, head of currency strategy at CIBC. "All in all it's been a virtuous tailwind for the U.S. dollar this morning and there is also fear of capital flight which is feeding safe-haven flows."
The Japanese yen gave up earlier gains against the dollar and at 0900 GMT was down 0.4 percent at 112.12 yen to the dollar JPY=EBS. But the yen's relative outperformance compared to the euro underlined the perceived risks to the dollar from U.S. trade policy and signs the Trump White House would rather it did not gain further.
"Until we have answers to some of the big questions I can't see any free space for dollar bulls to run into. They are fearful of what the administration is prepared to do to actually keep a lid on the dollar."
Summary Source | FAQ | Theory | Feedback | Top five keywords: dollar#1 gain#2 currency#3 yen#4 euro#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Cheapest way to cash a foreign check

Apologies if this is the wrong subreddit for this. I just received a check from Australia and I'm not sure the cheapest way to go about cashing/depositing it ($1400 AUD). I'm in the US right now, but I also have some bank accounts in Canada. In the US I have Chase and First Republic, in Canada I have a credit union account and CIBC. I'm not in a rush to get the money, I just don't want to pay massive fees/forex. Are there any suggestions?
submitted by sorrofix to personalfinance [link] [comments]

Introduction to Margin and Leverage - YouTube BNP Paribas CIB - Trading Day - YouTube Getting Into a Full-Fledged Currency Crisis, Says TD Securities' Maggio CIBC Student Life: Budgeting for Student Life Bitcoin: Currency or Speculative Investment? - CIBC for ...

CIBC doesn’t publicly post their exchange rates online like many other Canadian banks, which makes it difficult to compare their rates with other banks and money transfer services. Despite this, it’s more than likely that CIBC charges a margin of 2% – 5% on top of the mid-market rate, which is the rate the banks trade at. Team CIBC, 15,000 strong, will never stop running. The Canadian Cancer Society CIBC Run for the Cure is October 4. Sign up and run your way. Learn more about the Canadian Cancer Society CIBC Run for the Cure. Opens a new window in your browser. CIBC Australia Ltd is regulated by the Australia Securities and Investment Commission. CIBC World Markets (Japan) Inc. is a member of the Japanese Securities Dealer Association. Canadian Imperial Bank of Commerce, Hong Kong Branch, is a registered institution under the Securities and Futures Ordinance, Cap 571. CIBC Branches and ATMs Search by Transit Number Search by Address, City, Province, or Postal Code Search Search By Location Search by Transit Number Search for a CIBC branch or ATM near you Mr. Mendes joined CIBC Capital Markets in 2015 as a Director and Senior Economist after having spent several years at the Bank of Canada. He is currently the lead author of the department's monthly FX publication and writes other thematic research pieces on various topics of interest to financial markets.

[index] [2998] [2435] [749] [2736] [1196] [4635] [666] [1303] [2019] [4014]

Introduction to Margin and Leverage - YouTube

CIBC brings financial advice to students across Canada to help them make better decisions around financing their education and using smart banking solutions built for students. ... Forex.Today ... video, sharing, camera phone, video phone, free, upload https://rebrand.ly/rawealthpartners4 Get More Info Now Bitcoin: Currency or Speculative Investment? - CIBC for Beginners, invest bitcoin What Is Regal Assets... Leverage allows you to potentially trade more money than you have in your account. Leveraged trading carries a high degree of risk. Carefully consider your f... Aug.10 -- Cristian Maggio, head of EM strategy at TD Securities, discusses the Turkish lira slumping to an all-time low. He speaks on "Bloomberg Markets: Eur...

#