Canadians buying US Notes - Dollar Doldrums

[Sean M.]

So I'm a Canadian looking to buy some more notes and to shift from the NPN to the performing side.

Issue. My existing NPN notes are at such a discount that I've never cared much about the exchange rate in the past, but with performing notes, with the CDN dollar being where it is, any strengthening in our dollar could wipe out my return (literally to zero or less). What are other cross border note buyers doing? I've got a few local sources of notes in Canada, is it time to stay local (the down side of Canada, is the note prices are higher and the lender rules are not as friendly).

I know I'm not the only Canadian that looks south, what solutions are people using to mitigate the exchange rate risk?

Thanks