PrairieGirl
I like your math and still trying to wrap my head around it but with your calculations I think you are assuming that I can buy US dollars at the current banking prime exchange rate without including the mark up that the banks and currency exchange companies charge. While I was at our local mall today, I checked with CIBC and Continental Currency Exchange and the current market still has the dollar at $1 US = $1.3744 CDN. This is what they would charge me at CIBC $1 US = $1.438 CDN and Continental $1 US = $1.3965 CDN. So, I may have overestimated at first, but the numbers are still bad. So, if I needed $10,000 US for example, I would have to pay $14,380. CDN at CIBC. That's the math I'm having a hard time with. But thanks for your input.