I am an idiot who invested in USD without knowing it would cost me 1.5% per transaction. I have worth ~ 14k usd in these ETFs in my TFSA.

I am not planning to use these funds anytime soon, hopefully for the next 20-30 years, so should I just leave them here or sell and reinvest now in a similar CAD ETF?

Also, what would be the easiest way to avoid this 1.5% fee or at least pay the least amount possible?

Your daily investment discussion thread.

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I've been looking at getting some exposure to Canadian oil stocks, but I'm still figuring out which companies are worth researching.

For those of you investing in the oil sector, what companies are you currently watching or holding, and what made you choose them?

Not necessarily looking for someone to pick a stock for me, just interested in hearing how people here are approaching the sector.

The US is getting a 100 year lease on Venezuela's oil. This has implications for Canada and the TSX because Venezuelan oil is a direct competitor for our heavy crude. Trump knows how dependent he is on Alberta's oil and is diversifying.

100% Global Equity or a 50/50 US/Canada split or a 100% allocation to the Nasdaq like QQC?

Idk what to do, but I need to diversify soon.

Time horizon is a good 20-30 years, volatility doesn’t matter to me.

I've been deducting interest in regards to directly borrowing CAD to buy Canadian stocks (with dividends) and I'm trying to figure out if the interest from a carry trade is also deductible. I've been reading the CRA's Income Tax Folio S3-F6-C1 over and over but can't quite figure out if this use is actually deductible with the extra step.

Example:

I borrow SGD to buy CAD to then immediately buy a stock like RY.

As long as I either buy shares with the dividends or buy SGD to pay off the loan would the interest from the SGD loan be deductible?

For example on the Daily or Weekly chart.

Does something like this exist?

(MA's = Moving Averages)

I have been an Investor's Edge customer for quite some time. I just saw an ad that mentions 180 ETFs that trade commission free and it looks like they have started ETFs that are comparable to the iShares funds.

I'm continuing to research these but curious if anyone has any thoughts on the CIBC ETF portfolio.

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Hello from St. John's. Up to this point I've been investing in mutual funds through a brokerage. I'm interested in getting a self directed portfolio going. I have a direct investing account set up with RBC. So far I've started watching BNN Market Call. Hoping for help to find good resourses to school myself (podcasts, newsletter, sub stack...). Thanks.

Abaxx Technologies — down 60%, everyone's out, and I think that's exactly the setup

Ticker: TSX:ABXX

Market Cap: 950 million CAD.

So a few months ago I start looking at this tiny commodities exchange out of Singapore, ABXX on the TSX and OTCQX. Physically-settled LNG and gold futures, one of only 3 licensed clearinghouses in the country, CFTC recognized for US flow. Boring infrastructure stuff, the kind of company that never trends anywhere.

Then in June a short seller (Viceroy, they've done this to other names before) drops a report saying the volume is fake, basically calling it a wash-trading operation. Stock craters. Down from low-$60s to low $20s. Company comes out swinging, hires Paul Weiss, tells the regulators to go look at the short seller instead, and keeps operating.

Here's the part nobody's talking about while everyone's busy dunking on it in the comments:

The volume kept growing through the entire attack.

ADV (average daily contracts traded) went 3.9K in Q1 → 14.6K in Q2 → 34,136 in July.

That's not a company that's dying, that's a company accelerating while people are actively trying to convince you it's fake. Gold contracts alone did 23.6K ADV in July. Silver launched in May and is already doing 8K+.

And they're not sitting there bleeding out either.

$95M cash on the balance sheet, roughly 7 quarters of runway at current burn.

In July the board put an actual buyback mechanism in place... an NCIB plus a daily automatic purchase plan that lets their broker buy up to 25,000 shares a day.

That's not "we might do something someday," that's a live, TSX-cleared mechanism sitting on top of a stock that just got smoked. (To be fair to the skeptics: this company had an NCIB back in 2022 and bought literally zero shares under it before it expired, so "authorized" isn't the same as "executing"... I'm not going to pretend otherwise. But the mechanism itself is more real than most companies bother setting up.)

The analysts didn't bail either.

BMO has a $60 target. ATB has $95. Both reiterated Outperform straight through the selloff and the earnings print that looked ugly on the surface (an accounting change made "revenue" print near-zero even though volume kept ripping... that's IFRS netting of liquidity credits, not the business falling apart, and yes I know that sounds like something a bagholder would say, look it up yourself).

Why this could move fast, not just "eventually":

Shorts piled in since June and a lot of them are still sitting in a name where the float is actively shrinking from the buyback, the thing they bet against (volume) just posted its best month yet, and an August print is coming any day now that only has to beat July's 34K to keep confirming the growth story.

Trapped shorts + shrinking float + a scheduled data catalyst is the actual recipe for a fast move, not just a slow grind back up.

Is it risky? Obviously, it's a small cap exchange with a live short-seller fight attached to it and zero guarantee the volume story keeps compounding.

Not a screenshot-and-forget play. But "everyone already sold and it's still standing" is usually a more interesting setup than "everyone's already in."

I haven't seen this type of set up in a LONG TIME.

Watch this one over the next couple weeks... this could get very interesting very fast.

Your daily investment discussion thread.

I’m 24 with ~$100k invested and considering 100% VEQT across my TFSA, FHSA and RRSP.

Is it worth using US-listed ETFs (e.g. VTI + VXUS) in the RRSP to reduce US dividend withholding tax, or is the difference too small to justify the extra complexity?

Would you go 100% VEQT everywhere, or use US-listed ETFs in the RRSP?

So i will try and keep this rather general and not go into specifics too much but was very interested to hear peoples thoughts on this:

Let's say you had 1 million cash/CAD to invest in the next couple months and your goal was a 10-20% return per year without touching the principal.

a) how would you distribute those investments between your TFSA, stocks, RRSP's, ETF's, currencies etc etc to mitigate capital gains taxes (assuming you are starting out with nothing being invested prior)

b) which brokerage, bank, advising entity would be both the safest and trustworthy if you had no or limited experience investing.

Appreciate anyone taking the time to post.

Your daily investment discussion thread.