US Dollar Falls Even With Canada’s
Sep 21st, 2007 by Shaun Carter
The US Dollar and Canadian Loonie have become virtual equivalents in the currency exchange today. This is the first time in 31 years that such a thing has happened between the two currencies. I remember on my trips to Canada when I was younger that we could get $1.60 in Canadian money for every dollar US. Well, those times are gone.
This presents some tremendous opportunities for investors who take advantage of the falling dollar. Warren Buffett made his bets against the dollar quite some time ago when nobody thought it would pan out. The falling dollar will bring more money from Canadian consumers along the border into the US. This currency valuation will also benefit manufacturers deriving large percentages of their income from overseas markets and realize the currency gains when those profits are reported by the US based companies.
Some companies that have significant overseas presences:
Coca-Cola (KO)
Merck & Co. (MRK)
Altria Group (MO)
Colgate-Palmolive (CL)
Technorati Tags: investing, canada, us, loonie, dollar, currency, valuation, shaun carter, united states, coca cola, merck, altria, colgate, palmolive
