I have just started to get into investing now that I have a steady job, pension plan, government bonds, and good savings. With the Canadian dollar being close to $0.70 USD, it seems like a waste to buy any U.S. stocks at this time.
From my understanding, given that silver and gold are both valued in USD, this would seem to be a waste if/when the dollar grows back to par, resulting in the loss of profits from the exchange rate.
Investing in Canadian stocks seem like the safe bet since they are not impacted by the exchange rate.
Is there a way to leverage my investments to my advantage due to the the fact my currency is low?