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Navigating Currency and ETFs for Canadian Investors
This chapter explores investment strategies for Canadian investors focusing on U.S. listed S&P 500 ETFs and the implications of currency fluctuations. It discusses the benefits of hedged versus unhedged ETFs, practical examples of investing, and the use of Canadian Depository Receipts (CDRs) for handling U.S. stocks. Additionally, the chapter emphasizes the importance of understanding currency conversion fees and the unpredictability of foreign exchange trading.