Non-Canadian Dollars: A Case Study

Words: 158
Pages: 1

The financial services industry is one of the most stable and lucrative industries where one can set up a business. It is a broad industry where a lot of services and products are offered as well. In this case, the authors explore on the idea of putting up a business that offers a foreign currency conversion service primarily for international students living in Canada. The rationale behind that idea is the fact that international students in Canada often receive their allowances (from overseas) in non-Canadian Dollar currencies. Unfortunately, they can only spend using Canadian Dollars, the main medium of exchange in the country. This means that there is an inherent need for them to have this kind of service. In this report, the authors discuss