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JamesFord
Joined: 14 Jun 2007
Location: my personal playground
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 Posted: Sat Oct 13, 2007 3:26 pm Post subject: Canadian $ |
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What's the Canadian dollar going to do?
I want to take my money out of here in the near future, but the Canadian dollar is just too strong. Should I change it to American dollars and then wait it out? |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sat Oct 13, 2007 4:59 pm Post subject: Re: Canadian $ |
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| JamesFord wrote: |
What's the Canadian dollar going to do?
I want to take my money out of here in the near future, but the Canadian dollar is just too strong. Should I change it to American dollars and then wait it out? |
The Canadian dollar has become a petro dollar. Canadian energy resources are in great demand: oil, gas, uranium. One might consider changing your won into US dollars and then investing it in American securities if you think a) they will do better than Canadian securities b) the Canadian dollar will lose value in the future. |
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