Spotting currency...

If you have a few thousand dollars to invest, put it all in the American dollar when it hits the next low against the loonie ($1.18 / USD*)

As expected from last year data during the war, the loonie appreciated from the stable seven years $1.63 (2001) to $1.26 (2003, lowest) and back to $1.3342 and hovering between 1.3%.

This time, you may make a fortune. As it is hard to accept the loonie is ever going to maintain at the low $1.18/USD, therefore, there always exist a high probability the low rate will depreciate back to a normalize rate, which is then deemed to be acceptable and reasonable exchange.

$1.18/USD is the lowest exchange against the US dollar since the 70's. Is the world turning around in such short period? I'd say no.

So, invest for a long term of, say, 8 months and longer. Today, the rate differential (to sell back to the bank) may be 6% from the lowest rate (say $1.18/usd) but heck, if after 8 months (or more) it back very well regress back to trading at $1.3225/usd. you can then sell at 1.3225 x 6% = $1.40185/usd.