You have to say: 1. Massive dollar weakness today 2. Multi hear highs on gold Yet USD/CAD, despite 14 year lows, just creeps lower. At somepoint it will bounce to the 1.15 handle again.
For your review....the futures contract. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=997891>
A friend of mine heard me talking about CAD/US bull mkt and asked me how US Citizens could buy Canadian 1 yr (or 6 month Tbills to park cash rather than in a US money market). What is the best way for his retired parents to buy Canadian Tees with reasonable slippage? (or something really similar to TBills risk wise) I had no idea about that one... Tnx!
Call any Canadian bank in NY TD Royal bank of Canada/RBC CIBC Scotiabank BMO/Harris IMHO its too late u have missed the boat....Wait for a pull back first.
Canadian had no business at 1.1191 in 1991, our central bank was fighting imaginary inflation by raising interest rates, which cause the c buck to surge. When the economy went south so did our loonie....We spent the next 5 years repairing the damage done to our economy by our stupid central banker. That is why went to 1.6.