Worrying decline of sterling against Canadian dollar

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stevekjaer@hotmail.com - 16 Nov 2008 18:38 GMT

I am a UK resident and just about to pick up a job in Canada. The idea
would be to make a permanent break (I already have a permanent
immigration application and am 2.5 years in). Considering the awful
performance of sterling against most currencies (including the
Canadian dollar) I'm not sure on the best course of action. I could
leave the majority in UK investments for up to 18months but I'd want
to buy property in Canada by then. How can I protect myself from
sterlings plunge (initially as a UK resident on foriegn working visa
and longer term as a Canadian perm. resident)? Grateful for your
thoughts.

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sarahk - 17 Nov 2008 15:23 GMT

On Nov 16, 11:38 am, stevekj...@hotmail.com wrote:

> I am a UK resident and just about to pick up a job in Canada. The idea
> would be to make a permanent break (I already have a permanent
[quoted text clipped - 6 lines]
> and longer term as a Canadian perm. resident)? Grateful for your
> thoughts.

Hi Steve,

When I came to Canada the pounds was 2.58 to the canadian dollar back
in 2006, I have watched

the gradual decline and been hit in a few financial decisions that I
have made. HSBC have a sterling account in Canada that you can access
over the web, they also pay fairly good interest on large balances.

Take the plunge.... I have never once regretted my decision and I
don't miss the UK at all.

It is a different quality of life over here, Candian property prices
are holding steady but we are not in the huge boom of a year or so
ago. Cost of living is high for somethings and low for others but
overall it equals out.

The UK sounds pretty depressing economically right now...........
Good luck

Sarah

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Immigration Forum / Canada / November 2008

Worrying decline of sterling against Canadian dollar