Value of the Canadian Dollar
Posted By: Dr. Frugal in Currency on 10/30/2007 at 05:43:25
The Canadian Dollar is on the move again--this time hitting its 47-year high. I always thought the Canadian dollar was a perfect investment for non-North American currency investors because it has been like a rock. Why would you want to invest in something that never goes up and down· Because when it DOES go up (read: now) it's going to do so without risk and there is little, if any, chance of it going significantly down. The "loonie" is as stable as it gets and for those in the smallest minority who invested in it, expect to see some even nicer returns in the next six months.
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Related:A New Low
Who's Abandoning The Big, Bad Dollar?
Low Dollar = Foreign Buyers