I have to talk to you about the Canadian dollar because it has been on the move for sometime now. I think that it has been up 6 weeks (or something along those lines). This is something you can start leveraging and making some money with. Understanding the Canadian currency is very important to profiting from it.

What you may not realize is that Canada is a huge oil country. As of 10 years ago it wasn’t that big of a deal, but recently the oil sands have become legit oil because technology has advanced to the point that they can profitably extract it. That puts their oil reserves at 2nd in the world behind Saudi Arabia.

Over the last few months, oil has been on a strong move up and at the time of writing this post is above $60. If you take a look at a graph over the last 5 years of the Canadian dollar and the price of oil, you’ll see that they virtually follow the same moves.

Due to the negligent policies by Washington, I expect to see a continued increase in the price of oil and a devaluing of the US currency. But with every problem like this, there is opportunity to profit. It’s time to start moving money into the Canadian currency because it will soon be up to parity with the US dollar and I wouldn’t be surprised if it surpasses the value of the US currency.

On a side note, investing in the TSX (Toronto Stock Exchange) is probably a good idea since you can make a return on Canadian priced stock that will probably double in value when the economy improves. Now that’s leverage.