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moneysense.ca, 17/03/10
Strong dollar brings investment opportunities
Rise of the loonie means big savings in U.S. market.
With the Canadian dollar continuing to gain strength, investors are being urged to take part in a bit of cross-border shopping — although not the kind that most typically jumps to mind.
Thanks to the rise in our loonie’s value there has never been a better time to invest in the foreign securities and housing sales offered by our neighbors to the south. Whereas a drab two-bedroom home in mid-town Toronto could cost you upwards of $900,000, some of Florida’s largest units are being listed at half the cost.
Experts are pointing to U.S., European and Asian stocks as other great means of investment. The run-up in our dollar, says the Financial Post, has resulted in a 30% cut in all U.S. prices, and a 7% and 22% decrease in Europe and Japan.
moneysense.ca, 17/03/10








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