Who's not hedging our CAD?

[beaverdam]

Big difference in selling your wheat for $6.50/bus when it's $0.77 vs. selling it for $6.50/bus when it's $0.62 months from now. Don't bank on getting higher prices to offset the xchange difference.
There's lots up in the air right now, NAFTA and interest rates.

[sumdumguy]

All the time- hedging. Exchange risk is no different than any risk.

[ajl]

What is the most efficient way to do this. I have done it before when Trudeau was elected by swapping fund between a Canadian and US account. Was a profitable trade but bank FX charges were quite excessive. Buying DLR.TO with Canadian funds is another option. Wondering what else is out there. Time for the big short and finish Canuckistan off.

[macdon02]

What is the most efficient way to do this. I have done it before when Trudeau was elected by swapping fund between a Canadian and US account. Was a profitable trade but bank FX charges were quite excessive. Buying DLR.TO with Canadian funds is another option. Wondering what else is out there. Time for the big short and finish Canuckistan off.

UUP is the etf but they take a fee. To be honest we have rates up, USD up, and equities up. My money is on DJ. DIA is the etf you want in US funds, grab the equities rally and currency. Short euro might be the quicker play then cad. Just invest in anything not in loonies. Everything is imploding ex USA and capital is pouring in on lower tax rates. They have the best growth. Think margin on S&P or a $5/pt DJ is close to 6gs but downside risk at the moment is only 25800 on Dow. Long in the bin works too convert on sales to US savings account. If you have a good broker they have very good rates as well but think only 100k is protected between all your accounts not each account individually so cash holds risk as well. If you like the tarrif game making winners look at Cleveland Cliff or Largo resources

[Oliver88]

Macdon I assume you’re referring to the steel manufacturer Cleveland Cliffs Inc?

Can you elaborate on investing in that company?

[macdon02]

Macdon I assume you’re referring to the steel manufacturer Cleveland Cliffs Inc?

Can you elaborate on investing in that company?

CLF yes that's the one. Ass long as Trump has tarrifs on imported steel domestic miners should make a killing. Same with Largo, they are in vanadium, the stiffener used in steel. LGORF. Can be had in .to as well. Pretty good upside potential on both and broke through previous resistance just this week

[Oliver88]

CLF yes that's the one. Ass long as Trump has tarrifs on imported steel domestic miners should make a killing. Same with Largo, they are in vanadium, the stiffener used in steel. LGORF. Can be had in .to as well. Pretty good upside potential on both and broke through previous resistance just this week

You are not the first person to mention CLF....will have to check both of these out. 😂

[macdon02]

You are not the first person to mention CLF....will have to check both of these out. 😂

Seriously? ... f me. Took me a couple days to put it together and find "the one". All that thought wasted.... shoulda known. The buy button has been hit pretty good on CLF to date.

[farming101]

CAD hit 78.22 cents this afternoon. What's your target?

[macdon02]

CAD hit 78.22 cents this afternoon. What's your target?

80.2 month end. Euro breaking support at 115.5. Gold up hard DX up a quarter. Could be a hard drop on euro next target 105. Really don't like chasing gaps in currency and there's 1 in euro up at 125.5 thats lurking.

[Oliver88]

New trade deal didn’t remove steel and aluminum tariffs.

[macdon02]

[farming101]

Euro gap....forget about it. Switch to daily nearest and gap goes away.
Your 105 may not be too far off but would be overdone to the downside.

80.2 CAD would certainly be a good place to look for a sell-off and may be attained
Crude higher and higher.

[macdon02]

Euro gap....forget about it. Switch to daily nearest and gap goes away.
Your 105 may not be too far off but would be overdone to the downside.

80.2 CAD would certainly be a good place to look for a sell-off and may be attained
Crude higher and higher.

BIG "IF" ...on euro, could see it filled in panic type event like '16 US election night event in gold. Only way it's happening is in a breakup event. Less then 10% odds imo, i never ignore gaps they are there for a reason it's not like it isn't liquid.

[Agvocate]

Not CAD related but news wires that a couple russian ports may be closed for 3 months due to phytosanitary rules has wheat rallying a bit.