This latest run up is very interesting. With the Fed cutting rates another half point (in regards to the mortgage crisis and inflation rearing its ugly head) and the cost of oil is pushing the canadian dollar higher and higher.
Will it last? Probably not. The Canadian dollar will remain high but the fundamentals to keep it there are not sufficient. Not yet...
What people don't realize as well is there Net Worth compared to the US has increased just over 10%. Thats huge!
Time to buy more foreign currencies and stocks. What I would REALLY like to do is figure out the most advantageous time to buy back into US Large/Med/Small Caps.