With the Canadian dollar hovering around parity, Globe Investor has suggested some tips for getting the most bang for your at-par buck.
Opening a U.S. bank account is a wise idea for anyone looking to travel to the United States on even a semi-frequent basis. Partner your account with a U.S. dollar credit card and you’ll save yourself the 2.5% currency conversion fee that’s common at most banks.
Investing in marked-down luxury goods is another smart idea. Porsche, for instance, has just announced price cuts of up to $10,500.
Other good options include buying U.S. stocks and properties.