Bank of Canada and the Soaring Loonie

Late yesterday, the Bank of Canada indicated it was ready to try to deal with a soaring loonie, which has surged both through the year, and through this decade. This likely means a lengthy period of low interest rates for Canadians. This should benefit both investors and Canadian businesses.. It also highlights one of the key risks to Canadian investors. A strengthening loonie really hurts Canadians who invest globally. When your stocks and bonds are denominated in a foreign currency, a rising loonie costs you money. If you are concerned about protecting your portfolio from a strengthening loonie, why not give me a call?

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For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260. This program is for information purposes only. Fees, management fees and commissions may be associated with mutual fund investing. Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital, member CIPF