RBC’s discount broker launches international trading—what to know before you invest + MORE Dec 10th

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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…

RBC Direct Investing recently became the only Canadian bank-owned discount brokerage to allow self-directed investors to buy securities trading internationally on several non-North American stock exchanges. It’s not the only option in Canada for investors, though. Interactive Brokers Canada, for example, provides access to more than 150 global markets.

Regardless, the move by Royal Bank is sure to introduce international stock trading to the mainstream, as other banks will likely follow suit. So, what is RBC Direct Investing’s offering, and what are the considerations for investors?

International trading with RBC Direct Investing

Online investors with RBC Direct Investing can now trade in Hong Kong, London, Paris and Frankfurt. Investors can also trade in Japan, Singapore, Australia and some smaller European markets by phone.

You can also now hold foreign currencies, including the British pound, euro, Swiss franc and Japanese yen, as well as Singapore, Australian, New Zealand and Hong Kong dollars, in non-registered accounts…