May 19, 2015 (sent by email)

Yesterday, it was reported that new home starts are up sharply in the U.S. This should bode well for Toll Brothers which reports earnings on May 27.

The Canadian dollar has recently declined about 2 cents. This was after having risen about five cents from the lows earlier this year. I don’t have any ability to predict such trends. Instead I like to try to add funds to my U.S. account when the Canadian dollar is high and then either leave it there permanently (on the basis that I will eventually spend money in the U.S.) or repatriate some when the Canadian dollar is low. A difficulty with switching back and forth is the high exchange fees charged by most brokerages.