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Old 10-05-2005, 04:01 AM
Go Blue Go Blue is offline
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Join Date: Sep 2004
Posts: 34
Default Re: Why the American Economy is hurting Canadian poker players

If this is seriously costing you a significant amount of money, then you should consider hedging against this. I'm not 100% sure on how the exact process works, but just as you (a Canadian) can buy USDs if you think they will appreciate relative to the CND, you can short the USD in this case against someone who thinks the opposite. In my opinion, it's not worth doing because you're not really losing a LOT of money unless you have at least tens of thousands of dollars online. But you can think of like this: it might be costing you money now, but pretty soon, the USD will likely appreciate versus the CND and you will have made extra money as a result.
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