BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Guru Strategy: Americans should turn to Canada for outsized returns]]>http://www.bloggingstocks.com/2009/06/23/americans-should-turn-to-canada-for-outsized-returns/http://www.bloggingstocks.com/2009/06/23/americans-should-turn-to-canada-for-outsized-returns/http://www.bloggingstocks.com/2009/06/23/americans-should-turn-to-canada-for-outsized-returns/#commentsCanadian stocks are set to give American investors a twofer. As stocks go up, Gordon Pape, one of Canada's leading experts on mutual funds and the editor of The Canada Report, says that Americans get stock appreciation and a currency bonus - making investing in Canadian stocks more profitable than U.S. stocks.
And now, says Pape, is an especially good time to invest since stocks and the Canadian dollar have recently taken a breather.

We caught up with Gordon Pape to talk to him about earning market profits plus a currency bonus.

Continue reading Guru Strategy: Americans should turn to Canada for outsized returns

Guru Strategy: Americans should turn to Canada for outsized returns originally appeared on BloggingStocks on Tue, 23 Jun 2009 15:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Canadacanadian dollarCanadianDollarGordon PapeGordonPapelooniestocksThe Canada ReportTheCanadaReportTue, 23 Jun 2009 15:50:00 EST<![CDATA[Loonie at par with dollar: What's a Canadian to do? Buy in the States]]>http://www.bloggingstocks.com/2007/09/21/loonie-at-par-with-dollar-whats-a-canadian-to-do-buy-in-the-states/http://www.bloggingstocks.com/2007/09/21/loonie-at-par-with-dollar-whats-a-canadian-to-do-buy-in-the-states/http://www.bloggingstocks.com/2007/09/21/loonie-at-par-with-dollar-whats-a-canadian-to-do-buy-in-the-states/#commentsFiled under: , ,

Believe it or not, but "cheers erupted on the foreign exchange desk at Scotia Capital" yesterday when the loonie (that's what us Canadians call our dollar) first traded at parity with the U.S. dollar -- for the first time in 31 years. I'm sure the scene was similar in other banks across Canada. As is almost usual, though, the Americans beat us to it as they are the ones who actually did the trade, specifically Citigroup's New York currency desk. Oh, well.

The Canadian dollar hit its historic low of 61.79 cents (U.S.) on Jan. 21, 2002, but has gained more than 16% this year and almost 8% since mid-August alone. The True North is indeed strong. But is this good for Canada? For the U.S.? Canadian exporters are no doubt suffering, American ones will be doing better following the fall of the U.S. dollar. Tourism will likely improve in the U.S., but suffer in Canada. And consumers? Canadian consumers aren't happy, but I'm sure U.S. outlet malls along the Canadian border are quite happy. It used to be the other way around.

Continue reading Loonie at par with dollar: What's a Canadian to do? Buy in the States

Loonie at par with dollar: What's a Canadian to do? Buy in the States originally appeared on BloggingStocks on Fri, 21 Sep 2007 12:52:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CADcanadian dollarCanadianDollarexchange rateExchangeRatefeaturedloonieparityUS dollarUSDUsDollarFri, 21 Sep 2007 12:52:00 EST