Dividend Growth Portfolio, March 2014 Update

2014 has certainly been an interesting year so far. Thus far, as Q1 is coming to an end, TSX has been outperforming the S&P 500 to the tune of 5%. But wait, all performance is not the same. Since January 1, CAD has depreciated some 6% against the USD. Each Canadian Dollar only buys 0.893 US Dollar now. What does this mean for Canadian investors?

• higher cost of imported retail goods
• higher cost of fuel
• higher cost to invest in US equities & other US dollar denominated assets
• higher cost of cross-border shopping
• paper gains on US dollar assets

Perhaps this is a good time to convert some USD back to our monopoly money (trust me you'll miss having color coded money if you live in the US long enough!)