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Rising Canadian Dollar could protect foreign investors

Blog by Nick Swinburne | October 14th, 2010

The word on the street is that the Canadian dollar may hit US$1.15 based on some recent predictions.  I don't know if it will go that high but the potential is definitely there based on US using additional quantitative easing to assist their economy. 

This means that for our cousins south of the border, holding Canadian assets may protect their wealth from declining in value due to the weak US dollar. 

Any American customers who are seriously considering a Canadian real estate purchase, should purchase the Canadian funds they will need for a down payment as soon as possible.