US dollar has been depreciating in value and will continue to do so over time. How come then is the Canadian dollar (at least recently in the short term) not having its value rise vs the US dollar? euro, australian dollar is rising like crazy. Is it because Canada is deciding to lower interest rates while Europe/AU is holding steady? Even so... it shouldn't be so holding so steady. I would assume since Canada is a natural resource centered nation, it would have a relatively more stable currency with respect to "absolute value." http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=CAD&submit=Convert Also, what would be the best way to invest in canadian dollars from the US? There is an ETF, FXC but thats such low volume and high expense ratio.