Re: Canadian/US Dollar and Investing
Canadian Dollar is bound to come down to 103 range.
Once the things stablize in US, the real value should be around 87c to 94c.
So you'd suggest putting it in a USD account? I still want to invest some money in Canada, preferably soon rather than waiting for things to stabilize, since who knows when that will be. Since Canadian investments would requite national currency, wouldn't it be safer to invest now rather than see the CAD rise and I thus lose even more money? My husband is estimating that I have lost a couple thousand.