Canadian investors shun higher dollar
Posted March 16, 2010 6:25 am.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – We’ve been talking a lot recently about the rise once again of the Canadian dollar, but not everyone is taking advantage of it.
Worldwide stocks and share are pretty much ‘on sale’ compared to where they’ve been for the last decade or so but you’d never know it from where investors are putting their money. The National Post reports many just think of cross-border shopping when it comes to a higher loonie. However if you look beyond the outlet malls, you’ll find some great deals such as 3-4 bedroom homes in great neighbourhoods in Phoenix for under $400,000. It’s not for everyone, but if you’ve been thinking about an investment property, now may be the time.
Over the past year mutual-fund investors have actually pulled back on investing in U.S., global and international equity funds, despite the fact the value of everything in the States is down 30 percent. If you’ve been thinking about it, to get you started, Boston money manager Jeremy Grantham holds companies like Oracle, Wal-Mart and Royal Dutch Shell in his portfolio.
