Hey, braintrust. I am a business person in the US who buys services from a company in Canada. I am thinking that to insulate myself from fluctuations in the exchange rate if the USD tanks, it would be smart to buy and hold CAD in a Canadian institution from which to pay my Canadian bills.
Additional logistical wrinkle: I am disabled and absolutely cannot travel to Canada in person.
Anybody ever done something like this and could advise me?
Trying to research this, I keep seeing breezy references to the supposed fact that some unspecified Canadian banks may be willing to open accounts for foreigners, maybe even online, but all the examples I have found (e.g. TD Bank) are expressly for people relocating to Canada, which I am not.
(Continued)
Siderea, Sibylla Bostoniensis
npub1uc…5vpz8
2025-04-18 22:00:43 UTC
Author Public Key
npub1ucd0ctg3qql0nd6d8yzsqns23g9yz8z392jh74wr7mcv4q4qrhuqg5vpz8Seen on
wss://relay.momostr.pinkPublished at
2025-04-18 22:00:43 UTCEvent JSON
{
"id": "5f03ee60e5c442ee954c8484e173aea35592bedb5b35a1f163f39a3e87a1fdec",
"pubkey": "e61afc2d11003ef9b74d3905004e0a8a0a411c512aa57f55c3f6f0ca82a01df8",
"created_at": 1745013643,
"kind": 1,
"tags": [
[
"proxy",
"https://universeodon.com/@siderea/114361214156704795",
"web"
],
[
"proxy",
"https://universeodon.com/users/siderea/statuses/114361214156704795",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://universeodon.com/users/siderea/statuses/114361214156704795",
"pink.momostr"
],
[
"-"
]
],
"content": "Hey, braintrust. I am a business person in the US who buys services from a company in Canada. I am thinking that to insulate myself from fluctuations in the exchange rate if the USD tanks, it would be smart to buy and hold CAD in a Canadian institution from which to pay my Canadian bills.\n\nAdditional logistical wrinkle: I am disabled and absolutely cannot travel to Canada in person. \n\nAnybody ever done something like this and could advise me? \n\nTrying to research this, I keep seeing breezy references to the supposed fact that some unspecified Canadian banks may be willing to open accounts for foreigners, maybe even online, but all the examples I have found (e.g. TD Bank) are expressly for people relocating to Canada, which I am not. \n\n(Continued)",
"sig": "e6c9a420f1d6ce1273072e23ddd204f9a1b8fdef305e130afd832ab250a45ba2410f943ad4d29eb817a140567f93c534193821df999acae492f39b6375a3b429"
}