I'm Canadian and want to "take advantage" of the US$ weakness.?

I'm canadian and I'm thinking of "taking advantage" of the current weakness of US$ by investing in US$.
US is Canada's main trader for both import/export so the Bank of Canada will never let Canadian currency go too much over US currency. So knowing that 1$US=1$CAN right now, would it be a wise decision to invest in US$? If US$ goes up, good! If US$ goes down, then CAN$ would eventually follow. So I feel there's nothing to lose and everything to gain. I was thinking of investing in mutual funds of: 1) precious metals and 2)natural resources.

What's your point of view?

Thank you!

BG

If you truly believe that your govt will not let the loony appreciate very far above the US$ then maybe you should start buying dollars.
Investing in a fund and the dollar appreciating again would only give you an unrealized gain or loss.. meaning, your money will go with the US mutual fund and when you cash out you will see the gain or loss in using dollars.

if you want to bet solely on the dollar, you need to buy dollars and hold them. there are exchange markets that do this, or you can go to your Canadian currency exchange located 2 blocks away and trade the paper.

I am an American, and I guarantee you that the dollar will continue to lose its worth. It has been slowly depreciating for ages now.

It is better to keep your Canadian money.... At least you will have more buying power for longer.

Better keep your money. Good luck!

The Bank of Canada doesn't have complete control over the exchange rate. Canada doesn't have a command economy where everybody has to listen to the government, or else.

Canadian dollar can become a lot more expensive relative to the US dollar. And you can end up loosing money on your bet. There is no such thing as a 'sure thing' when you are betting your money to make a profit.

It depends on how much money you have. Probably your best best with a lower dollar is to get a house loan at a U.S. bank for property in Canada. As the dollar weakens, your payments would drop.