What’s inside the white paper
- Birth of a currency
- Anatomy of USDCAD post-Bretton Woods (1971–2025)
- Cross-sectional analysis of prices
- Cross-sectional analysis of correlation
- Effects of monetary policy
- The hedging strategy
- Recommendations
09 December 2025
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

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