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Path: utzoo!laura
From: laura@utzoo.UUCP (Laura Creighton)
Newsgroups: can.politics
Subject: Re: American fund bank accounts in Canadian banks
Message-ID: <3726@utzoo.UUCP>
Date: Sat, 7-Apr-84 11:49:19 EST
Article-I.D.: utzoo.3726
Posted: Sat Apr  7 11:49:19 1984
Date-Received: Sat, 7-Apr-84 11:49:19 EST
References: <634@hcr.UUCP>, <3763@utcsrgv.UUCP>
Organization: U of Toronto Zoology
Lines: 18

There are other reasons besides speculation against the Canadian dollar
to have an account in American funds. A good many American firms want
a cheque or money order in US FUNDS ONLY and getting the bank to
give you a money order costs money, and if you send the appropriate
amount of Canadian funds you may get to play ``pass the cheque'' for
months. (Especially if the Canadian dollar has dropped by the time
they look at it and the cheque is for a significant amount of money.)

Laura Creighton
utzoo!laura
-- 
Laura Creighton
utzoo!laura

	"Not to perpetrate cowardice against one's own acts!
	 Not to leave them in the lurch afterward! The bite
	 of conscience is indecent"	-- Nietzsche
					The Twilight of the Idols (maxim 10)