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I wrote: "Generally, you want to try to "was trades" so that they don't end up setting you back from a mid-market exchange rate."

A quick PS. I meant "wash trades", of course. But more to the point I just came across a post by Globe and Mail columnist Rob Carrick that gives some direction on which services in Canada permit holding US$ within these registered accounts:
"..., the good news here is that the selection of brokers allowing clients to hold both U.S. and Canadian dollars in RRSP accounts is growing. On the list now are Questrade, Qtrade, RBC Direct Investing and Virtual Brokers. BMO has said it will add this feature, but there's no indication of when. " Nov/2010 (http://www.theglobeandmail.com/globe-investor/2010-online-br...)

Hope that helps ... personally I have been using RBC DI and it works fine.

Fool on,
Jack
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