Norbert’s Gambit is a method for exchanging Canadian dollars (CAD) and US dollars (USD) without paying currency exchange fees using stocks that trade in both currencies. It’s called Norbert’s Gambit and if you don’t already know how to do it, you’re about to learn it right now. Thankfully though, there’s a common trick that savvy Canadian investors use frequently bypass currency exchange fees altogether. Whenever Canadians buy American stocks, currency conversion fees add 1% to 4% to the overall cost. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. These “affiliate links” may generate income for our site when you click on them. Second, we also include links to advertisers’ offers in some of our articles. This site does not include all companies or products available within the market. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This comes from two main sources.įirst, we provide paid placements to advertisers to present their offers. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective.

Piesočný gambit by Norbert Novosád