After years of seeming pathetic, our dollar really is becoming a
global superstar. Yesterday, the Bank of Canada indicated that we
will see a significant drag on our ecocnomic recovery as the loonie
continues to strengthen. This will effect all investment classes;
keeping your bond yields low, reducing the return on your foreign
investments, and affecting our domestic industries. This may sound
negative, but I believe it is a great environment for long term
investors. The biggest challenge , in my opinion, will be finding
yield in an environment with very low interest rates for an extended
period of time. If you are looking for ideas in this market, why not
give me a call.
Wednesday, October 21, 2009
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