Canadian Dollar Conversion

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16 Responses

  1. Thanks for the history lesson. While I don’t really follow currency so much, I do get exposure to it living so close to the great white north. I remember the days of the Canadian dollar being higher than US and both are usually fairly equal give or take 10 cents. Sounds like your telling me I need to take my next trip to Windsor! lol jk.
    Dividend Daze recently posted…Recent Buy – Cardinal Health (CAH)My Profile

  2. Troy @ Market History says:

    I think CAD will go up in the next few years. Commodity producing countries’ currencies should do well as commodity prices rise, so CAD and AUD will probably rise.

  3. Why not use a CAD hedged ETF?

    The S&P 500 Index (CAD-Hedged) is a market-capitalization-weighted index that is designed to represent the returns of large-capitalization U.S. stocks, with the U.S. dollar exposure of the securities included in the S&P 500 Index hedged to the Canadian dollar.
    dividendgeek recently posted…Net worth March 2017My Profile

  4. I do wonder with Europe being a mess with Brexit and whatever other countries that decide to leave the EU if the US dollar will continue to be strong at the detriment to other nations. At least a strong US dollar means oil should be low for awhile 🙂
    MUSTARD SEED MONEY recently posted…The Cost of Having a Second ChildMy Profile

    • It seems like there is alot of factors currently that could change the value quite drastically atm. As for the oil prices our provincial government has us so bent over we are basically paying the same price as when oil was over 100$ a barrel. Tax tax tax. Dam liberals!

  5. Leo T. Ly says:

    Firstly, for a small initial investment, I think that buying XSP would allow you for get exposure to the US market without the currency risk.

    Secondly, depending on what account type that you have. I have a margin account and I use it to hedge the currency risk. When the loonie was above par, I bought the USD. Now that it’s a lot lower, I repatriate my money. If I want to own more US stocks, I just use my USD margins to buy the stock without converting my CAD to USD.
    Leo T. Ly recently posted…How I Saved An Extra $200,000 By Increasing My DebtMy Profile

    • hey Leo, I was really looking into xsp but came across a couple posts stating that Canadian hedged etfs tend to lack in returns vs normal etfs. I just bought a position in ZDY. Seems like a great dividend us etf with a monthly payout. (Im probably a little biased, but I found a lot of etfs paid out in March. That’s my highest dividend month and would like to get jan and feb over 100$ as well) After I increase my position in zdy I think I will get a position in xsp to learn and analyze a little more. Either way you, Troy and geek have been pushing me to some US exposure and I’m finally establishing one thanks to you guys!

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