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S&P 500
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US TECH 100
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-0.15%
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Dow Jones
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Noda11

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Noda11

Re: None

Saturday, 10/24/2020 7:41:17 PM

Saturday, October 24, 2020 7:41:17 PM

Post# of 14223
The problem is that Chuck is looking at the exchange rate between CAD and $US in absolute terms instead of as a percentage. As the price of the stock goes up, the difference in price between CAD and $US will increase. It's really just a simple math problem. For example:

If the US stock price is $0.10 and the exchange rate is say 1.3, then the stock price in CAD will be $0.13 CAD. This is a difference of 0.03 in absolute term.

If the US stock price increase to $0.20 and the exchange rate is still 1.3, then the stock price in CAD will be $0.26 CAD. This is a difference of 0.06 in absolute term.
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