I haven’t gotten the nerve to do it yet. Hmmm, thanks for suggesting IB. I keep on hearing great things about it – the low forex rates and deep discount commission fees. However, I think it might still be a hassle to transfer the US money to TDW for the RRSP wash trades.

If I do go through with the gambit, I’ll be sure to post my results. I just want to tread carefully and who knows with these market conditions.

My brother has been hankering me to learn how to short sell. Then I can make $US but I don’t think I’m comfortable with that yet.

GIV: Yes, I’d want to look at the volume of the prospective interlisted stock and know the volitility. I’m just looking to get a better exchange rate, so I want something predictable. I probably wouldn’t want to do it now

Another factor to consider is those zany trading days where there are wide disparities in the same stock on the two exchanges. From my own recollection, there have been more than a few days where a stock that I own will fall, say, a little over 1% on the TSX, but more than 2% on the NYSE. I suppose part of that can still be explained by currency fluctuations, but I sort of doubt either market is that sophisticated.

Again, it doesn’t happen very often, but I’ve never heard a satisfactory answer for how, exactly, that happens.