So the US dollar continues to gain strength against our Canadian Dollar. At this very moment while typing this, the exchange rate is a follows:
$1 USD = $1.31 CDN
$1 CDN = $0.76 US
The weaking of the Canadian dollar has been greatly impacted by the lower price of a barrel of crude oil. It is strange how Alberta has the greatest amount of oil in the world except for Saudi Arabia, but Alberta economy is dependent on the actions of OPEC for the most part. With the exchange rate as it stands right now, a lot of Canadian investors are only investing new money in Canada. An investor can also buy a Canadian ETF that holds US equities, if they want exposure the the US companies.
In Canada at the moment, their is a federal election going on right now in which the voting takes place on October 19. Who ever Canadians elect to form government is going to affect the markets also along with the low oil prices
Some articles that I read during the week, that you might find interesting are as follows:
Dividend Mantra recently published about his averaging down in CAT in his Recent Buy post. I do believe this stock will face some headwinds in the short term, but it will be a great long term holding for dividend income now and increasing dividend income in the future.
Liquid Independence wrote an article about How Much Money Is Enough For His Retirement. Some people put off saving and investing until later in life, but it is definitely a lot better to start right now. Compounding is said to be the 8th wonder of the world. So the more time you have, the more time money has to compound.
Liquid Independence talks about how he got started in farmland investing as he was interviewed by Jessica at momoneymohouses.com, which you can listen to here.
Dividend Hustler wrote about Recent Sales which you can read about here. At the top of this post I wrote about the low Canadian dollar. To avoid the exchange rate if you have US equities doing well, you can sell them and purchase other US equities that are undervalued. Dividend Hustler is going full steam with investing in dividend growth stocks.
Tawcan recently published a post about Recent Buys in the Health Care space. As the population ages, there will be a greater need for nursing homes and long term care facilities. These purchases will make great long term holds.
Passive Income Mavericks recently published his dividend income for July.
There are some interesting articles and videos recently published at www.sharpetrade.com.
Photo Credit : www.cafepress.com
Thanks for mentioning me IP. Thank you for the reads. Have a nice weekend bud and always a pleasure stopping by. Keep hustling it up my friend. Cheers.
ReplyDeleteDividend Hustler,
DeleteNo problem on the mention. Looking forward to your next post.
Thanks for the mention. The CAN to US conversion is definitely hurting. I was just in Seattle this past week. Although the price is about the same as Vancouver, it hurts to have to convert everything back to CAN.
ReplyDelete