To pull out the biggest alpha here in a dedicated post: -US dollar is near all time highs, CAD is near all time lows. New Prime Minister is an economist who led Bank of Canada during CAD all time high. -You can invest in US equities via CAD hedged ETFs. That means could buy exposure to the S&P 500 in a CAD hedged ETF and earn if: 1) USD goes down due to weak economy, CAD stays stable. 2) CAD goes up due to economic growth from energy sector, USD stays stable. 3) S&P 500 remains flat but CAD goes up. 4) S&P 500 sinks but CAD rises. 5) S&P 500 rises. The cost is the currency hedge, but since its cheaper to borrow CAD than it is USD, you win out there as well.