If you're planning a trip to the United States this summer or even looking ahead to your next winter in Florida, now's the time to start buying U.S. dollars.

    The loonie has been on a tear since falling just below 70 cents (U.S.) in January and as of the beginning of May was right around the 80-cent mark. The dollar could easily move higher, and it could fall. Forecasting currency moves are even harder to predict than the stock market. But if you buy U.S. dollars today, you'll be getting the best exchange rate since last summer.

    The dollar's been tracking oil prices this year – the two move very much in tandem. Can we count on oil prices holding their ground or moving higher? It's hard to say for sure, which is why you should be buying U.S. dollars right now. Lock in the best exchange rates we've had in month and you insulate yourself from the risk of oil and the dollar tanking again.

    Worried about missing out if the dollar rises further? Then consider buying half or your U.S. vacation cash now and more in the months ahead. Don't get too carried away by the dollar's momentum, though.

    In addition to the vagaries of oil prices, there's also Canada's soggy economy to think about. January was a strong month for the economy, but February brought a very small pullback in economic output. If we get more economic weakness, expectations for an interest cut could increase. That would be bad for the dollar.

    We've had a lot of bad financial news over the past eight years – the dollar's strong rise this year is a rare exception. If you need to buy U.S. dollars, don't miss this opportunity.

    Should I wait to buy U.S. dollars?
    As a general rule, there's no definite time as to when you should buy US Dollars before your trip. If you're a constant international traveller, you can get the best rate if you shop around and compare options. more
    What could a dollar buy in 1960?
    $1 in 1960 is equivalent in purchasing power to about $10.01 today, an increase of $9.01 over 62 years. The dollar had an average inflation rate of 3.79% per year between 1960 and today, producing a cumulative price increase of 901.05%. more
    Did Walmart buy out Dollar General stores?
    Dollar General anticipates relocating 40 existing Dollar General stores into the purchased sites by October 2016 and entering one new market as part of the purchase.Dollar General Announces Purchase of 41 Former Walmart Express Stores. more
    What would a dollar buy in 1960?
    $1 in 1960 is equivalent in purchasing power to about $10.01 today, an increase of $9.01 over 62 years. The dollar had an average inflation rate of 3.79% per year between 1960 and today, producing a cumulative price increase of 901.05%. more
    Should I wait to buy XRP?
    Now is a good time to buy XRP, given that $0.76 is already considered a good entry point. Its real-world utility as a less costly and more scalable payment, with transactions happening every three to five seconds, makes it better in terms of intrinsic value versus other cryptos. more
    Did Walmart buy Dollar General?
    Dollar General anticipates relocating 40 existing Dollar General stores into the purchased sites by October 2016 and entering one new market as part of the purchase.Dollar General Announces Purchase of 41 Former Walmart Express Stores. more
    What can 1 dollar buy US?
    12 Things You Can Still Buy for a Dollar
    • Holiday decor and party favors. bbernard / Shutterstock.com.
    • E-books for Amazon Kindle. antoniodiaz / Shutterstock.com.
    • Scratch-off lottery ticket.
    • Four movies from Disney Movie Club.
    • Dorm or first-apartment essentials.
    • Sample stickers.
    • Coin purses.
    • Baby paraphernalia.
    more
    How many meals can a dollar buy?
    10 meals For every dollar donated, up to 10 meals can be provided to kids in need. Sometimes the work is complex and there are large barriers, like state laws that mandate the time of day breakfast is served at schools. But sometimes the problem is as simple as schools not having carts to carry meals through the halls to kids. more
    How do I buy hi Dollar crypto?
    How to buy HI
    1. Download Coinbase Wallet. A self-custody wallet like Coinbase Wallet is required to purchase HI.
    2. Choose a Coinbase Wallet username.
    3. Securely store your recovery phrase.
    4. Understand and plan for Ethereum network fees.
    5. Buy and transfer ETH to Coinbase Wallet.
    6. Use your ETH to buy HI in the trade tab.
    more
    Where can I buy hi Dollar coins?
    How to buy HI
    • Download Coinbase Wallet. A self-custody wallet like Coinbase Wallet is required to purchase HI.
    • Choose a Coinbase Wallet username.
    • Securely store your recovery phrase.
    • Understand and plan for Ethereum network fees.
    • Buy and transfer ETH to Coinbase Wallet.
    • Use your ETH to buy HI in the trade tab.
    more
    What would a dollar buy in 1860?
    $1 in 1860 is equivalent in purchasing power to about $35.70 today, an increase of $34.70 over 162 years. The dollar had an average inflation rate of 2.23% per year between 1860 and today, producing a cumulative price increase of 3,470.01%. more

    Source: www.theglobeandmail.com

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