Stockchase Opinions

Richard CroftCurrency Share Canadian Dollar ETFFXCTOP PICKNov 20, 2009

Currency Share Canadian Dollar ETF. Just tracks the value of the US$. Thinks the Cdn$ will rally against the US$ and will probably be above par in the 1st quarter of next year. That would probably be the trigger to sell. (Also has options so you could do covered calls.)
$93.23

Stock price when the opinion was issued

$68.93

As of Jun 26, 2026. Market Open.

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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

There are not a lot of options other than just holding C$ cash. There is an ETF that represents the C$, symbol FXC in NY. Assets are $61M, fees 0.40%, no leverage. It is down 4.4% in the past year with the C$ falling. Generally, we would view such securities as a 'bet' on a currency, rather than an investment. We would, today, still prefer the US$ overall. 
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Canadian dollar ETF tends to rise in Apr and May. Hedges your portfolio. Expect about 2% but add more if you are using it as a hedge.

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(A Top Pick Dec 17/09. Up 62.76%.) Still loves this one. Pure play copper mining. Copper is still one of the best metals to be in going forward.
COMMENT
Trades the US$ against the Canadian$. Not leveraged but are a one to one ratio.