To Hedge or not to Hedge?

Canadian investors have always had one big question: how do you manage US dollar exposure when the currency keeps moving in ways that are hard to predict?

This white paper breaks down the USD/CAD story from the early days of the Canadian dollar to the modern FX market. What becomes clear is that hedging isn’t just a yes-or-no choice. It works best when you follow a simple, structured approach.

The goal of this white paper is to give Canadian investors a clear and practical way to think about their US dollar exposure. Instead of guessing, the report helps answer three straightforward questions:

• When should you hedge?

• How should you hedge?

• How much should you hedge?