Martin the cdn expat

The Canadian government will continue to let the dollar tank in order to
protect low interest rates and the Canadian housing market.

I would wait.

Steve_

Well that was a lovely article posted on the home page wasn't it?

jwtimmon

So whats the opinion on here, will the CAD continue to devalue or has it plateaued?

I've a reasonable cash lump sum in Euros I need to transfer to Canada in the next few months but I don't have to do it straightaway. Should I sit put?

Tangram

I could tell you, but like any other financial adviser I require a fee.

orly

I'll pay you after you've been proven accurate

Steve_

The Canadian dollar isn't devaluing, it's that other currencies are recovering. Personally I think Sterling at least will continue to recover slowly, Euro I don't know about. I don't think there are going to be any sharp changes one way or the other over the next few months though. What happened in January was unusual.

Yorkiechef

I think it will still continue towards 2/1 UK Is expected to put interest rates up first of all the g7 nations.

Yorkiechef

Payment in bit coins ok. What a load of tosh that is

jwtimmon

And I shall pay you exactly what your advice is worth and in the currency it deserves

Yorkiechef

The exchange rate moved 1% today, back to 1.86, the start of a move north of 1.90. No charge for my advice.....same price for good or bad advice, your money, your risk. Shall you change your cash any time soon or wait awhile?

Steve_

It's obvious from the table I posted in #14 that it will, the only question is when, really.

Exchange rate against the USD is more relevant as far as I'm concerned, most things sold in Canada were originally priced in USD.

edinburgh

I had the pleasure of sitting through a presentation from the banks economists here in the UK last week, they are predicting a max 2% increase in the base rate by 2016. Modest growth from UK and Germany , not much else from the rest.
They get paid a fat salary to give these high level talks ! I'm in the wrong job.

Paul_Shepherd

Ive heard that too...and im wondering if that will cause a dip in the UK housing market again..

Steve_

Well that's basically the main purpose of it, make mortgages more expensive, slow down the housing market, slow down construction which is typically the leading edge of the economy.

Paul_Shepherd

That's what concerned me, think its time to sell my house in UK, I held on to it for a while, as I lost a lost of money buying it a year or so ago before the property crash in 2008, its appreciated a little more in last 5 years since then but not a lot, think its could be the best time to sell now.