Jon Chevreau wrote in The Financial Post today (link not available) that hedging foreign equity exposure now is like closing the barn door after the horses have bolted.
Speaking of a high loonie, a caller to a talk show in one of the popular Ottawa radio stations pointed out that shopping in the US is an even greater deal if you tank up your car at one of the gas stations south of the border. Gas seems to be at least $1 per gallon cheaper in the U.S.
In an earlier column, Rob Carrick pointed out that a grand total of 5 mutual funds managed to beat the iShares CDN Composite Index ETF. Investing Intelligently and Four Pillars blogged about the findings in Rob’s column.