May 24, 2012 Comments

Our stock picks made modest progress today.

The lower Canadian dollar has helped out for Canadians holding U.S. stocks. At 97.3 cents I don’t have any particular idea of where the Canadian dollar will head. I did conclude that buying U.S. stocks when the Canadian dollar was over $1.00 would probably work out okay. Over a long period of time the fluctuation in the Canadian dollar is probably not going to be a big factor in our returns. It’s much more important to be in good stocks then it is to worry about the U.S. dollar versus the Canadian.

 

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