Post by
savyinvestor333 on Dec 31, 2023 9:08am
Canadian Dollar strength
Can dollar has strengthened almost 8% since Nov 1 and just around 4% in the last 2 weeks. So much for those stating the dollar was weakening. All the spring Inventory will be purchased at this exchange rate which should really help the margins.
Comment by
savyinvestor333 on Jan 01, 2024 10:10am
As rates drop in the U.S. world commodity prices increase. Canada is a commodity powerhousesand as such whenever the U.S. dollar weakens the Canadian dollar gains.if you believe they are getting rate cuts in the U.S. out dollar will stay strong. Keep an eye on copper and oil prices for direction.
Comment by
Torontojay on Jan 19, 2024 7:35am
The Canadian dollar has weakened since the end of December. 1 Cad can purchase 74 cents US. The Canadian dollar traded at around 79/80 cent US when the tightening cycle began in March of 2022 and has now declined to 74 cents. Who is going to cut interest rates first in 2024? Which economy will do better in 2024?
Comment by
savyinvestor333 on Jan 19, 2024 11:08am
Right almost like 'What does that have to do with the price of tea in China'