On Monday the S&P 500 was about unchanged while Toronto fell 0.5%.
Oil fell 2 or 3% to close under U.S. $80. This pushed the Canadian dollar down so that it worth only 88.1 U.S. cents.
I should probably start to get a bit concerned about the price of oil because I am indirectly but perhaps heavily exposed to oil through Melcor and Canadian Western Bank. (P.S. forgot to mention my oil sands ETF symbol CLO on Toronto) However, I am not inclined to reduce that exposure.
With the Canadian dollar at about 88 U.S. cents I have placed an order to move some cash from A U.S. money market account to a Canadian money market account. In part this is due to the favorable exchange rate but its also because in that account I had a fair amount of U.S. cash and little Canadian cash so this will balance that out.