Kind of curious (apologize in advance if this is a stupid question) but I’m currently in the process of figuring out which ETFs to invest in. In the past I’ve only purchased US stocks such as AMZN AAPL TSLA and had to pay a conversion fee to purchase them.

Seeing that the Canadian dollar continues to weaken (less purchasing power with CAD) would it be better to just purchase the Canadian counter parts to US listed ETFs? I would assume this would eat away at gains as Canadian counter parts tend to under perform but wouldn’t the cost of currency conversion also eat away at gains? Assuming the CAD recovers in the future any gains I make would be lessened once withdrawn back to Canadian? I don’t know if I’m thinking about this right so please set me straight if I’m not!

Could someone walk me through how I can incorporate the cost of currency conversion in deciding what to invest in and how the fees will eat away at any potential gains?

If it helps I’m considering VTI VT VOO QQQ AND SCHD

Thanks so much!