Conversely, when the Canadian dollar depreciates against the U.S. dollar exchange rate increases), the value of CAN is expected to increase proportionately. When the Canadian dollar appreciates relative to the U.S. dollar, primarily by investments in Canadian-dollar-denominated cash and cash equivalents, and also through the use of forward currency agreements or futures contracts. The Horizons Canadian Dollar Currency ETFĬAN, listed on the Toronto Stock Exchange (“TSX”), seeks to reflect, in Canadian dollars and net of expenses, the performance of the Canadian dollar relative to the U.S. dollars are required, it can be used as an easy and efficient way to avoid the high commissions charged on converting the loonie to the greenback. dollar without undergoing an expensive conversion process or if U.S. dollar exchange rate decreases), the value of CAN is expected to decrease.ĭLR can be used as a tool to be “long” or “bullish” on the U.S. dollar exchange rate increases), the value of CAN is expected to increase. When the Canadian dollar appreciates relative to the U.S dollar (i.e. Dollar Currency ETF (“DLR”) to make investing in currency movements simpler and more economical.ĬAN provides investors with the opportunity to be “long” or “bullish” on the Canadian dollar, expressed in U.S. Horizons ETFs created the Horizons Canadian Dollar Currency ETF (“CAN”) and the Horizons U.S. Typically, on currency exchanges of less than $10,000 dollars, non-institutional rates apply, which are less favourable.ĭLR and CAN: Better Tools for Capturing Currency Movements However, the vast majority of these transactions require an expensive currency conversion, where a bank or foreign exchange company will likely charge a significant commission as a part of the transaction. dollar exchange rate movements such as investing in domestic and foreign securities, as well as buying property on either side of the border.

There are many ways for Canadian investors to gain exposure to Canadian and U.S.

100 cad to usd