Post by
Bullphighter on Nov 25, 2015 7:33pm
51.23
If im not wrong, someone seems to be missing. Perhaps another alias ! My son is sitting on USA cash, is there any advantage? I looked up Nas and the stock seemed cheaper, all things considering. Is this realistic?
Comment by
fdfd12 on Nov 25, 2015 7:56pm
US dollar is .7518 in relation to CND. So %51.23 CND is equal to $38.50 US. Price is exactly that. Nothing cheaper. Now from here to end of year, if you think our CND dollar will drop to .70 the buy CXRX in US. If you think that our dollar will go to .80US, then buy CXR. I think we will go higher in the dollar. Buy CXR Canada.
Comment by
CJAlberta on Nov 25, 2015 8:49pm
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Comment by
health1234 on Nov 25, 2015 9:16pm
CJ- yes i agree, money 'll be expensive after interest rate hicks.As planned by liberal party to borrow the money for economic growth. The value Canadian$ .ll be down hill as well. what do you think (as a long) turn cxr to cxrx. or change you money to US.
Comment by
CJAlberta on Nov 25, 2015 9:44pm
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Comment by
investorken on Nov 26, 2015 12:32am
I'm using a tfsa and I thought there's no difference in tax treatment since its a canadian company paying US dividends. Can anyone confirm? Thank you :)
Comment by
CJAlberta on Nov 26, 2015 1:08am
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Comment by
ogieboogeyman on Nov 26, 2015 6:37am
has it been confirmed that TFSA amount has changed abck to 5500?...and yes I looked into Div issues with US companies and you lose the withholding tax or as CJAlberta said just not worth the pain BOO
Comment by
fdfd12 on Nov 26, 2015 7:07am
But CXRX is not a US company, it is a CND company paying in US dollars. It is kind of tricky. BUt dividend is not much to worry about.
Comment by
CJAlberta on Nov 26, 2015 8:33am
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Comment by
CJAlberta on Nov 26, 2015 8:58am
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Comment by
ogieboogeyman on Nov 26, 2015 5:33pm
thanks CJ..I am not worried just curious..5500 is fine with me
Comment by
fdfd12 on Nov 26, 2015 7:00am
CJ this years contribution is $10,000 not $10,500
Comment by
CJAlberta on Nov 26, 2015 8:35am
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Comment by
fdfd12 on Nov 26, 2015 6:58am
for shares of CXR Canada, they give out a US dividend of .075 meaning 7.5 Cents. I got .0984 CAN. or 9.844 Cents.
Comment by
CJAlberta on Nov 26, 2015 8:47am
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Comment by
fdfd12 on Nov 26, 2015 6:47am
Because there is a 75% chance of them raising rates, this is already, "pretty much" factored in. If there were a 10% chance and they raised, then I agree with you. Canada on the other hand, if they drop rates, then this could be a problem. I didn't know they would though.
Comment by
CJAlberta on Nov 26, 2015 8:21am
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