Comments on: Canadian Dollar Continues Rise on Positive Economic Forecasts

By: Brian J

Brian J — Fri, 09 Oct 2009 15:25:00 +0000

Very true Andrei but as an investor one must make the best of a situation like this, it was a wise investment in late 2007, I made over a 20% profit in a year on a substantial investment, and funny enough it was this exact same time of year that the CAN dollar went above parity (Nov.2007) and dropped below .80 almost a year later (late Oct.2008) watch and see b/c it will prove to be a wise investment for 2010, the US$ will bounce back in a big way by late 2010 and/or into early 2011.

By: Andrei Moraru

Andrei Moraru — Fri, 09 Oct 2009 12:07:19 +0000

It’s a probable scenario but it doesn’t take into account the fact that Canada is an exporting country and as every exporting country it wants its currency to be undervalued compared to the currencies of the major trading partners. So, the interventions or some other measures may interfere here with the natural course of the things.

By: Brian J

Brian J — Fri, 09 Oct 2009 11:56:16 +0000

The way things are going the CAN $ will be at parity with the greenback by the end of this month, with over 30 000 new jobs being created in sept. it can only increase the value of the loonie and push it to over .96 by the end of today, oct.09/09, it would be a wise investment to hold off until Nov and then change any available canadian funds into US$ b/c as 2007 showed us this parity will only be temporary and then in 2010 cash in on a possible 15-25% gain