Sending savings home from Canada

W

Walshie99

Guest
Hello,

I'm currently working in Canada and I'm putting away a lump sum every pay check. My question is am I better off sending the money home and availing of the good interest rates on savings accounts such as Rabo etc.. or should I hold and see if the Canadian dollar strengthens again against the Euro. The interest rates in banks here are poor and I can potentially get 3.5% from a short term deposit account or GIC. The amount would be over $1500 a month.


Thanks
 
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