If you're looking to buy real estate or stocks in the U.S., or if you're simply planning to travel abroad, it's a great time to be Canadian.
The Canadian dollar's been on tear for the past year, gaining ground against both the U.S. dollar and the euro. Helped by a strong financial system, attractive Canadian stocks and bonds, and resurgent commodity prices, the loonie appears poised to go from strength to strength.
How long is this going to last? How should you take advantage of it? What about the dwindling returns on your U.S. stock investments?
CIBC World Markets' chief economist Avery Shenfeld was online on Friday at noon (ET) and took your questions. You can replay the discussion by clicking on the live blog box below.
Mr. Shenfeld holds a Ph.D. in economics from Harvard University and has been with CIBC World Markets since 1993. He was recently named by Bloomberg as one of the top five forecasters of the U.S. economy in the past two years, is a two-time winner of Dow-Jones Market Watch's award for most accurate U.S. forecaster, and has been ranked by fixed-income investors among the leading five economists in Canada.
His prior background includes seven years in management consulting, and experience on the economics faculty at the University of Toronto and in the summer program at Harvard's John F. Kennedy School of Government. He has addressed numerous business groups and been quoted in the media in the United States, Canada, Asia and Europe.
The Loonie: Investor Education