Home Breadcrumb caret Investments Breadcrumb caret Market Insights What the strong U.S. dollar means for Canadian investors The strong U.S. dollar provides an opportunity to enhance returns by selectively holding certain U.S. dollar-denominated assets, according to a Mackenzie Investments whitepaper. By Staff | February 19, 2015 | Last updated on February 19, 2015 1 min read The strong U.S. dollar provides an opportunity to enhance returns by selectively holding certain U.S. dollar-denominated assets, according to a Mackenzie Investments whitepaper. Read: Fed unsure about right time, conditions for rate increase “American companies that conduct a majority of their business domestically stand to benefit most from a rising U.S. dollar. Such companies sell their products and services into an economy that is now strengthening relative to many others around the world. “They also sell in U.S. dollars, which makes them no more expensive for domestic consumers to buy even though the dollar is rising. In some cases, these companies import their products or components, and these imports become cheaper with a rising dollar. Moreover, such companies are largely untouched by the foreign-exchange risk that multinational companies face when repatriating profits from sales overseas.” Companies with these features can be found in Utilities, Consumer Staples, Healthcare and Telecommunications. Read more here. Also read: U.S. to grow 3.1% in 2015 Don’t avoid the energy sector Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo