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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: sainte-beuve who wrote (5000)	11/10/2003 4:14:40 PM
From: Tom McIlwain	Respond to of 5144

Dirk: If you are thinking of converting a sizable amount of money to U.S. funds for trading, bear in mind that the C$ is appreciating considerably against the $U these days and will likely continue to do so for a while. This can have quite a shocking effect on the %gains you think you are acquiring on your US holdings over time (even worse if you accrue losses). I don't think a lot of traders have fully appreciated this yet. I believe the current maximum for foreign content inside RRSP's is 30%, but your broker could tell you for sure. Outside that, I don't believe there are any limits (unless perhaps if you are a gazillionaire - I wouldn't know about that!) Tom edit - wow, I just noticed yours was was the 5000th response on this thread!