Canadian Dollar
Have you ever considered investing in the Canadian Dollar? It holds up well as compared to many other exchange rates, but is not as widely circulated as the US Dollar.
CANADIAN DOLLAR FLIRTS WITH 87 CENTS US
The dollar spent early Wednesday in territory it hasn't seen since early 1992.
Ref. https://www.cbc.ca/story/business/national/...lar-051214.html
I have never honestly researched any material on what would have a good investment as far as exchange rate. I guess some people actually do pretty good doing it or we wouldn't be discussing this now would we. Is there anyone that has more information of exchange investing that they could share?
International Level: Politics 101 / Political Participation: 7 0.7%
LOONIE HIGHEST IN 14 YEARS, TSX AT NEW RECORD
The Canadian dollar closed Wednesday at its highest level in more than 14 years, while the S&P/TSX composite index hit a second record in as many days.
Ref. https://www.cbc.ca/story/business/national/...-tsx060104.html
LOONIE HITS HIGHEST LEVEL SINCE JUNE 1978 AGAINST U.S. DOLLAR
The surging Canadian dollar gained more ground on Friday as it rose to its highest level against the U.S. dollar since June 1978.
Ref. https://www.cbc.ca/story/business/national/...lar-060428.html
I suppose if I wanted to invest in the Canadian dollar, now would be the time to do so. I would be getting more for my US currency exchange, and my hope would be that their dollar would exceed ours someday. However, the circulation of the Canadian dollar is what bothers me, so my only reason for investing in it would be merely for exchanging it at a later time, and I just don't see it exceeding the US that much to make it worth a serious investment. Just my 2 cents, but I may be wrong.
International Level: Envoy / Political Participation: 241 24.1%
Just now people are going to start investing in the Euro and the Canadian dollar with the way the US Dollar is plummeting:
QUOTE (CBC) |
The Canadian dollar closed above parity Friday for the first time since Nov. 25, 1976,asthe U.S. greenback continued its dramatic fall against major world currencies. The looniefinished at $1.0052 US, up 0.66 of a cent from Thursday's close. |
International Level: International Guru / Political Participation: 3231 100%
[b]Canadian Dollar Strong[b]
The Canadian dollar continued to soar against its U.S. counterpart Monday, hitting $1.05 US in early afternoon trading. That means theloonie is almost within one cent of its postwar high of $1.0614 US, set in August 1957.
Ref. CBC