Canadian Bank Foreign Exchange … what a rip off (except Interactive Brokers)

Below is the foreign exchange fee/spread charged by each of the brokerages to convert your CAD->foreign currency. Brokerage Forex Fee/Spread (each way).

E-Trade 1.5% (not confirmed)

IB 0.01% + 2.50USD

Questrade 0.5% (for RRSP), 1.50% for non-reg

BMO 0.90%

TDW 1.40%

BNS ~1%

CIBC 0.90%

RY ~1%

via Canadian Online Discount Stock Brokerage Comparison | Million Dollar Journey.

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