As spending heats up considerably with the 5 Trillion USD bill, in my opinion it looks like CAD is set to skyrocket vs the USD once again.
The main driving factors include greater industrialization (worlds biggest nuclear plant, more gold/platinum production than the USA, bigger oil reserves than USA), comparatively less spending, less tariffs, expanding to other countries via exports, and the most untapped resources/land with lowest population of any developed nation in the world.
Personally, for the next 10 years I'll be heavily focusing on Canadian companies if the CAD breaks the trend line
The main driving factors include greater industrialization (worlds biggest nuclear plant, more gold/platinum production than the USA, bigger oil reserves than USA), comparatively less spending, less tariffs, expanding to other countries via exports, and the most untapped resources/land with lowest population of any developed nation in the world.
Personally, for the next 10 years I'll be heavily focusing on Canadian companies if the CAD breaks the trend line
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.