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how do we expect the election to affect the US/CAN exchange rate, if at all. I have taken out a portion of my roll and am waiting to redeposit until the rates are ideal, but am really unsure of what the election is going to do to the rate. any ideas?
The election will have very little if anything to do with it. Oil/commodities and the markets starting to regain their appetite for risk has strengthened the Loonie in recent days.
CDN news:
http://www.bloomberg.com/apps/news?p...currency_rates
The elephant in the living room:
http://www.bloomberg.com/apps/news?p...wiM&refer=home
If the world economic crisis deepens then money could flow into US treasuries again which will drive the USD upwards.
It's sooooo volatile right now.