keep CAD or move to USD?

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May 5th, 2020 2:35 am

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May 5th, 2020 12:05 am

Asker123 [OP]: Deal Addict; Jan 7, 2014; 2697 posts; 542 upvotes; Manitoba

May 5th, 2020 12:05 am

keep CAD or move to USD?

Can CAD become 50% of USD.
whats your take? is it advisable to convert your money into USD?

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It will never be Oil or Gas or Wind or Solar or Electric. It will be Oil and Gas and Wind and Solar and Electric.

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May 5th, 2020 12:15 am

Kneader: Member; Apr 16, 2020; 372 posts; 480 upvotes

May 5th, 2020 12:15 am

That depends on so many things that you simply can't predict. Future oil prices, future monetary policies of both the US and Canada to mention a few.

If it'll make you feel any better, go ahead and exchange some of your savings. I doubt there's a significant loss risk by converting CAD to USD for the near to medium term.

May 5th, 2020 2:35 am

iamthebest: Deal Addict; May 15, 2013; 2020 posts; 633 upvotes; Alberta

May 5th, 2020 2:35 am

NOBODY knows that, that's why exchange rates are always part of risk management.

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