http://www.dbrs.com/research/230723/the-strengthening-canadian-dollar-and-its-impact-on-canadian-corporate-credit.pdf With respect to infrastructure development, the above suggests a strong dollar's effect is neutral... With respect to investment, my thoughts are that good or bad it all comes down to the value of the stock relative to the dollar's strength. So if the stock is under valued, as the dollar strengthens so to the prospects for investment.