Canadians....what's the best way to combat the stupid US dollar

[justin]

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Hedge with CAD futures?


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Know nothing about investing so not sure what fees would be like but I like it. Should probably ask this question in the finance forum get alot more accurate advise

[SlantNGo]

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What's wrong with the housing market? I know the housing market in the U.S. is in a really bad state, but last time I checked the housing market in Canada was strong.


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Am i getting leveled?

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No. What's wrong with the housing market in Canada?

[Alexos]

fed is Federal Reserve, which is the US central bank...

Market says they're more likely to cut their rates than raise them, because of meh economy, housing market, etc...

In Canada, BoC is more likely to raise them, because of strong economy.

In theory this says the US$ will fall even more in CAN$, but honestly I dont think we need to panic too much, it doesnt go straight up. It's very likely it can take years before it reaches parity.

[Alexos]

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Hedge with CAD futures?


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Know nothing about investing so not sure what fees would be like but I like it. Should probably ask this question in the finance forum get alot more accurate advise

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Unless you're sbrugby I rly dont think its worth it

[Borgland]

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forecast is [censored].
efficient market FTW.

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The forecast was right about a year ago when the dollar was at 85 and they said it would be over 90 in the next few months.

What's FTW.....and while we're at it, whats SHIIP and QTF?thanks

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All explained here.

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Dammit and I've been good to avoid those. Bastard!

[4thstreetpete]

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forecast is [censored].
efficient market FTW.

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The forecast was right about a year ago when the dollar was at 85 and they said it would be over 90 in the next few months.

What's FTW.....and while we're at it, whats SHIIP and QTF?thanks

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All explained here.

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FFS! I got rickrolled again! [img]/images/graemlins/mad.gif[/img] This is probably my 20th time.

[lefty rosen]

It's even worse than that. I remember getting 50%+. One thing , though back then I only one tabled and played 1/2 full. Now I 2-4 table and generally play higher than that. But the hit has been huge. I remember freaking about getting only 25 percent, now that would be paradise..... [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/blush.gif[/img] [img]/images/graemlins/shocked.gif[/img] [img]/images/graemlins/ooo.gif[/img]

[cardman]

I was watching CBC today. They were saying the Canadian dollar has risen 43% against the U.S. dollar in 4 years. I can't believe the Canadian dollar used to be worth ~60 U.S. cents. I'm hoping that the U.S. dollar has finally bottomed out and will start to rise again.

Either way, it seems like I won't be converting back to Canadian currency any time soon. I'm going to wait this out.

[slim]

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I was watching CBC today. They were saying the Canadian dollar has risen 43% against the U.S. dollar in 4 years. I can't believe the Canadian dollar used to be worth ~60 U.S. cents. I'm hoping that the U.S. dollar has finally bottomed out and will start to rise again.

Either way, it seems like I won't be converting back to Canadian currency any time soon. I'm going to wait this out.

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you could be waiting years if not decades.

[slim]

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I dont think we need to panic too much, it doesnt go straight up. It's very likely it can take years before it reaches parity.

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i hope you're right but on the news today they predicted parity by end of the year AND surpassing the British Pound eventually.