In fact, this is a repetition of the worst course since April 2003. For more than a year following the stock market crash, the Canadian dollar has been steadily rising against the US dollar, hitting 1.2. However, when Biden and his administration came to power fully, as well as the start of rising oil and food prices, the Canadian dollar began to lose strength, indicating a definite downward trend. In reality, this has been going on for the past ten months, with just slight variations. With the current price of 1.2616, we may already see a drop to 1.29-1.3 in April. Furthermore, a correction to 1.27 or a continuation of the trend to 1.32 are also plausible outcomes.
Guillaume Blanchard
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since Sep 12, 2018
About Guillaume
My investment strategy is for long-term growth (capital increase & protection). My portfolio is structured to take advantage and grow and protect the capital also during a financial crisis and a global recession (so it’s perfect for the current situation). I am aiming to keep the risk score between 4 and 5. Most of my positions are open for a long time (months), but some positions are opened and closed in a few days. I manage and monitor the portfolio manually, every day. Recommended copy amount: $5000 or more
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Canada continues to lose to the US
by Guillaume Blanchard | March 18, 2022