Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site hcr.UUCP
Path: utzoo!hcr
From: hcr@hcr.UUCP (HCR Clerical)
Newsgroups: can.politics
Subject: American fund bank accounts in Canadian banks
Message-ID: <634@hcr.UUCP>
Date: Thu, 5-Apr-84 15:53:56 EST
Article-I.D.: hcr.634
Posted: Thu Apr  5 15:53:56 1984
Date-Received: Thu, 5-Apr-84 16:19:15 EST
Organization: Human Computing Resources, Toronto
Lines: 18

[]
	Maybe someone out there in netland can shed some light on this
question.

	Recently I have noticed several banks promoting clients to deposit
their American funds in special American accounts.  Now I know that the
Canadian dollar has been droppping with respect to the American more or less
steadily for quite a long time.  If I had American dollars and I put them in a
savings account that paid the same interest as a regular Canadian account, I
would effectively be making more interest than the regular account because
the American dollar is increasing in value.

	Is this then a case of Canadian banks encouraging Canadians to exploit
the fact that our dollar is losing ground?


				Paul Bonneau
				{utzoo|watmath|decvax}!hcr!hcrvax!paulb