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$79.81 -0.16 (-0.20%)
12/3/2008 3:59 PM

CurrencyShares Canadian Dollar Trust (FXC)

CAPS Rating:
***

Exch traded fund to reflect prices of CN $ in USD

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Avatar hedrone (< 20) Submitted: 5/01/08 11:27 PM : Underperform Start Price: $97.33 FXC Score: -20.17

CAD/USD has had a good run up, as has XXX/USD where XXX is just about any non-USD currency, but fundamentally it isn't the job of currency to appreciate in value. I expect it will hit a decent level, high or low, and then sit there while equities keep growing.

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