the canadian dollar: a history of ups & downs
DESCRIPTION
Currency moves are often under-recognized as an influence that can work both ways, as nobody knows for certain where the dollar will go. Currency fluctuations represent only one component of overall market action and investors remain well-served with appropriate global and asset mix diversification within an appropriate financial plan.TRANSCRIPT
The Canadian dollar over the last decadeS o u r c e : I n v e S t o r S G r o u p p o r t f o l I o A n A l y t I c S
De
c-0
0
De
c-9
9
De
c-0
1
De
c-0
2
De
c-0
3
De
c-0
4
De
c-0
5
De
c-0
6
De
c-0
7
De
c-0
8
De
c-0
9
De
c-1
0
De
c-1
1
De
c-1
2
De
c-1
3
1 . 1
0 . 9 5
0 . 8
1 . 0 5
0 . 9
0 . 7 5
0 . 6 5
1
0 . 8 5
0 . 7
0 . 6
History of ups and downs: the Canadian dollarCurrency moves are often under-recognized as an influence that can work both ways, as nobody knows for certain where the dollar will go. Currency fluctuations represent only one component of overall market action and investors remain well-served with appropriate global and asset mix diversification within an appropriate financial plan.
The Canadian dollar has had many ups and downs against its U.S. counterpart. In 2002, the loonie hit a low of 61.98 cents followed by a climb to parity (and beyond) in 2007, and several times thereafter.
What does a rising currency mean for Canadian investors? For those with international investments, the ascent of the loonie has meant a portion of the returns generated by global indexes have not been fully realized by Canadian dollar investors. Fortunately for Canadian investors, currently trends tend to reverse.
Insurance products and services distributed through I.G. Insurance Services Inc. Insurance license sponsored by The Great-West Life Assurance Company. Written and published by Investors Group as a general source of information only. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on your specific circumstances from an Investors Group Consultant.Trademarks, including Investors Group, are owned by IGM Financial Inc. and licensed to its subsidiary corpora-tions. © Investors Group Inc. 2014 MP1713 (01/2014)
Loonie hits all-time low
Loonie climbs above parity
SHANNON BOSCHY BFA, CFP Mutual Funds Representative, Financial Security Advisor
Investors Group Financial Services Inc.Financial Services Firm
Tel: (613) 282-5370 [email protected]