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Monday, October 08, 2007

Why US Investors Should Be Putting Money in Canada, and Not Visa Versa

That is, if you believe the rise in the Canadian loonie versus the US dollar isn't over yet ...

As of Oct. 3, the year-to-date returns on the S&P 500 in the United States are 8.6 per cent.

However, when we factor for the 17-per-cent increase in the loonie, the positive 8.6-per-cent gain turns into a 7.2-per-cent loss.

The same is true for the Dow and Nasdaq, up 12.3 per cent and 13.2 per cent respectively, but off four per cent and 3.2 per cent in Canadian dollar terms.

Read the rest by CLICKING HERE.


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