I'm looking to transfer some money for a trading account from a canadian bank(CIBC) into a US bank and before I can do that I need to convert into USD. The fee however is 2cents, which is huge. That amount can easily add up and eat up. I was wondering how do the other canadian traders do it?
Just do a wire transfer and tell them you need it to output in USD. Some US brokers may take a bank draft...maybe.