Now that CAD is moving past 0.91USD is anyone considering a USD purchase? I've had a USD savings account with RBC for a while at zero balance and with parity looming I was wondering if it might be time to consider moving some of my savings to USD. I realize the USD is weak and may weaken further but the Canadian dollar has typically lived in its shadow and our export economy is dependent on this arrangement. What would be the best way to do this? Buy a little at a time? Wait for parity etc?? More generally, what % of my savings should be CAD/USD, if any? (I eat/live get paid in CAD by the way). Thoughts?
Posts by byronbb
1 - 1 of 1 Posts
1 - 1 of 1 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Join the discussion
Canadian Money Forum
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!
Full Forum Listing
Explore Our Forums
Recommended Communities
Join now to ask and comment!