Moving to the U.S.? Don’t rush to convert your Canadian portfolio Jun 29th

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Moving to the U.S.? Don’t rush to convert your Canadian portfolioFor many Canadians relocating to the United States, one of the first financial questions that surfaces is whether they should convert their Canadian investments into U.S. dollars. The answer is usually no, and acting too quickly can cost you more than you might expect.

The instinct to “go American” makes sense but can be expensive

When London accepted a new job opportunity in Seattle, he assumed one of the first things he would need to do was convert his Canadian investment portfolio into U.S. dollars. Like many Canadians moving south, the logic seemed straightforward: If he was going to live, work, and spend money in the United States, shouldn’t his investments be in U.S. dollars too?

At the time of his move, London had approximately $500,000 invested in a non-registered account at a Canadian financial institution. The problem? Currency conversions are not investment decisions—they are foreign exchange decisions.

As of June 2026, the Canadian dollar remains relatively weak compared to the U…

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