Thanks Dave!S&P/TSX Composite index
http://www.google.ca/finance?q=TSE:.GSPTSE
Jan 2, 2009 close at 9,234.11
Jul 23, 2009 close at 10,675.68
YTD Returns = 15.6%
You mean Canadian investors in US securities gained from the currency movement in 2008, right? As CAD drops, US securities gain from the drop all things being equal...Just like at the beginning of 2008 when the CND and USD were parity and then the CND tanked to the end of 2008 so Canadians actually "lost" more than half of their investment.
Yup. I don't really pay attention when the CND value of my USD holdings rise due to currency or vice versa. It will all be a wash when I'm looking to liquidate in 30-40 years.You mean Canadian investors in US securities gained from the currency movement in 2008, right? As CAD drops, US securities gain from the drop all things being equal...
I agree with that. I also believe for multinational US stocks, the market is efficient enough to wash out currency fluctuation even on a daily basis, although that's a little hard to confirm when so many variables are involved.A US company operating in the US with USD revenues should, but a company with multinational revenues shouldn't.