Business
August_31st_2012.mp3 Dollars and Sense Foreign exchange rates (FOREX) can make or break investment returns. Canadian Dollar - US Dollar (Click For Larger Picture) As Canadians we often value and compare products in Canadian dollars and U.S. dollars. In the last 5 years we have seen the Canadian against the U.S. dollar trade as high as 1.1038 in November 2007 and as low as .7656 in March 2009. To realize the absolute value of currency exchange rates consider this; a $25,000 U.S. car; the post war low on the Canadian dollar was .6179 in 2002 and reached a premium high against the U.S. of 1.1038 in 2007. The $25,000 U.S. car would have cost $40,460 in 2002 but only would have cost only $22,649 in 2007 a 78.6% change. Getting the currency right can make or break ones investment return, even a losing purchase could turn positive when conversions are made. It is paramount that investments are considered and evaluated for upside potential reward measured against potential downside risk. There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Make the call - let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the 'Unique Perspective' form on the Contact page, or by calling at 1-204-982-0633. Before trading, please contact an investment professional.