Will the U.S. dollar begin to appreciate against the Canadian dollar?

Well, international monetary traders are betting on the U.S. dollar appreciating against the euro. Don’t know their outlook regarding the Canadian dollar exchange rate.

Canadians planning to buy an Arizona home might want to consider getting their ducks in a row (that is getting their (Canadian) home equity line of credit completed) and putting some of the money they plan to use to buy an Arizona home into a U.S. dollar denominated account at their local Canadian bank to help hedge their exchange rate risk. [add your own punctuation]

May 3, 2008 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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