As we head into a period of anticipated economic expansion, will we see some recovery in the US dollar vs Canadian dollar?
The Canadian $ has been on a bit of a tear in recent months – cresting around the $0.80 mark recently. This in combination of some US stocks being sold off, some significantly, could provide Canadian investors with some nice entry points in your portfolio.
Should these stocks recover due to to economic expansion, and the US dollar recovers accordingly due to the giddiness this expansion could bring, then Canadian investors who buy undervalued US companies get to win twice – though higher stock prices and US dollar appreciation. There are several undervalued US companies I see currently where this could occur.