Q: A few months back I asked a question about timing for a conversion of American dollars to Canadian dollars. My understanding at the time was the Canadian dollar would weaken over the coming months. As I’m in no hurry, you agreed waiting for a decline was a good strategy. I’m still okay waiting but was hoping you could provide an explanation as to why the US dollar has been weakening. I’m somewhat perplexed that our dollar would be showing strength given the difference in the two economies. Given the US is entering an election year and our federal government continues to demonstrate its fiscal incompetence with almost every announcement (sorry, couldn’t resist!), could you please also provide a ‘best guess’ for where the Canadian dollar might land 6 months from now.
Thanks, as always.
Thanks, as always.