new at TDW
"U.S. Dollar Investing in your TD Waterhouse RSP Account
Did you know that TD Waterhouse offers you the convenience of U.S. dollar investing in Canadian registered accounts , such as your Self-Directed RSP or Tax-Free Savings Account?
Here's How It Works
You can invest in U.S. dollars in your registered account by owning units of the TD U.S. Money Market Fund (symbol TDB166). This is a safe, secure fund which allows you to access your U.S. cash quickly with only 1 day settlement.
You can also use your U.S. Money Market Fund to settle the purchase of a U.S. security (or vice versa). Simply place your order to buy or sell a U.S. security using WebBroker. Once your order is filled, call an Investment Representative at 1-800-465-5463 to buy or sell sufficient units of your U.S. Money Market Fund. Our representative will then set the exchange rates for both transactions to be equal - eliminating the impact of a currency conversion.
You must call by 3:00 p.m. ET on the first business day after your order is filled. Our representatives are available to assist you 24 hours a day , seven days a week.
Furthermore, TD Waterhouse will automatically set the exchange rates to be equal when you buy and sell U.S. securities on the same day.
By following these tips you can take advantage of investing in Canadian and U.S. securities, all in one convenient account."
So a bit of a hassle that have to phone but will save exchange