Features
These children of Jewish mobsters were kept well shielded from their fathers’ affairs
By BERNIE BELLAN
What’s it like growing up the child of a mobster – and a Jewish mobster to boot?
The idea of stringing together various stories about children of Jewish mobsters came to me as I started to read a terrific new book that was sent to our office, totally unexpectedly.
The title of the book is “The Apple and the Shady Tree”. The author is someone by the name of Lisa Novick Goldberg. The book is available on Amazon in either paperback or Kindle format.
There were a couple of ideas that kept crossing my mind as I read Lisa Novick Goldberg’s book. One was: Are criminals self-isolating during these extraordinary times? After all, they don’t adhere to society’s norms at the best of times. Why would they lower themselves to start following the same rules that should apply to everyone else? What would someone whose livelihood depends on providing others with something that’s illegal to begin with – such as drugs or other contraband, gambling, and prostitution, do when most of us are told to self-isolate?
I worry for those types of people. It must be even more difficult for them to get by than it is for the rest of us. Think Tony Soprano and his psychiatrist.
Secondly, as soon as I started to read this book, I thought to myself: We’ve had stories that are similar in nature written about in the pages of this paper before. In 2014 I wrote a review of a book titled “Davey the Punk”, which was written by a well-known Canadian musician by the name of Bob Bossin – whose father was Dave Bossin (or “Davey the Punk” as he was known to all his friends).
In 2017 Martin Zeilig wrote a fascinating story for us about someone named Al Smiley, who was best friends with Ben “Bugsy” Siegel. Smiley was actually a former Winnipegger and Martin interviewed his daughter, whose name is Luellen Smiley.
As well, in 2015 CBC Radio ran an interview conducted by Anna Maria Tremonti with Sandra Lansky following the publication of Sandra’s memoir of growing up the daughter of Meyer Lansky, who was known as “the brains of the Mob”. Sandra Lansky’s book is titled “Daughter of the King: Growing up in Gangland”. I haven’t actually read that book, but I have listened to the interview a couple of times. It remains one of the greatest interviews I ever heard Anna Maria Tremonti do. (It ranks up there with Jian Ghomeshi’s interview with Billy Bob Thornton as one of the most riveting pieces of radio I’ve ever heard.)
As a matter of fact, I’ve urged the Jewish Heritage Centre of Western Canada to mount an exhibit on Jewish gangsters – in a departure from the standard custom of harkening back to a rose-coloured past that doesn’t shed much light on some of the more unsavoury aspects of Jewish life. Of course, if the JHCWC were actually to mount such an exhibit, whoever would be doing the research for it might not live long enough to see what comes of it.
I’ve also asked the organizers of Limmud whether I can present a talk at Limmud on Jewish mobsters – including many Russian oligarchs, but so far I haven’t been granted permission. Maybe next year I’ll be told to go ahead. There are a number of individuals I know who can provide me with first-hand information, some of whom are subscribers to this paper, yet whose identities must remain a secret.
But, to return to the original focus of this article: What’s it like to grow up the child of a gangster?
Here’s what Luellen Smiley, Bob Bossin, and Lisa Novick Goldberg had to say, in part:
From Martin Zeilig’s interview with Luellen Smiley: “Some children are silenced. The pretense is protection against people and events more powerful than them. As the daughter of Allen Smiley, associate and friend to Benjamin ‘Bugsy’ Siegel, I was raised in a family of secrets…
“When I was exposed to the truth by way of a book, I kept the secret, too. I was 13. My parents divorced, and five years later, my mother died. In 1966, I went to live with my father in Hollywood. I was forbidden to talk about our life: ‘Don’t discuss our family business with anyone, and listen very carefully to what I say from now on!’ But one night, he asked me to come into his room and he told me the story of the night Ben was murdered…
“After my father died, I remained silent, to avoid shame, embarrassment and questions. But 10 years later, in 1994, when I turned 40, I cracked the silence. I read every book in print – and out of print – about the Mafia. Allen Smiley was in dozens. He was a Russian Jew, a criminal, Bugsy’s right-hand man, a dope peddler, pimp, a racetrack tout. I held close the memory of a benevolent father, wise counselor, and a man who worshipped me.
“I made a Freedom of Information Act request and obtained his government files. The Immigration and Naturalization Service claimed he was one of the most dangerous criminals in the country. They said he was Benjamin Siegel’s assistant. They said he was poised to take over the rackets in Los Angeles. He didn’t; he sold out his interest in the Flamingo, and he went to Houston to strike oil…
“It seems there is no end to the stories surrounding Ben and Al. I am not looking for closure. I’ve become too attached to the story. To me, he was a benevolent father, a wise counsellor and a man who worshipped me.”
Here’s an excerpt from my review of “Davey the Punk”, about Bob Bossin’s father, Dave Bossin: “As well – as he explains during the course of the book, he had to piece together his father’s past – which was kept well-hidden from him as he was growing up, and which largely remained a mystery to him until he was well into his 40s, through a series of interviews he conducted with relatives, friends of his father, and other individuals who happened to have dealings with Davey.”
Finally, we have Lisa Novick Goldberg’s memoir of growing up in a Mob-connected household with her father, whose name was John (or, as he was known to his friends, “Jonny”) Novick. Actually, his real name was “Herbert”, Lisa explains, but his Italian gangster friends thought that Herbert wasn’t the kind of name that a gangster should have, so they told him to change it to Jonny. In another fun aside, Lisa says that her father’s mother couldn’t pronounce the name Herbert anyway; she always called him “Hoibert”! Now that wouldn’t have placed him in good stead with his mostly Italian underworld friends, would it have? Also, since almost every gangster mentioned in this book had a nickname (My favourite was “Johnny Eggs”, because his mother raised chickens on a farm), it’s hard not to look upon these guys –who would slit your throat without hesitation if need be, with a certain fondness.
As with Luellen Smiley and Bob Bossin, Lisa Novick claims she had no idea about her father’s sordid background when she was growing up. She does say that when he was home, which wasn’t very often, he was always on the phone – and she wondered what he was talking about, but you can hardly expect a kid to understand what it is that their father is doing to make a living when he takes great pains to keep it shrouded in mystery.
It wasn’t until Lisa was a young adult that she was able to learn the truth about her father. She was actually summoned to appear before a grand jury in New York when she was only 22 (in 1980). While she denied having any knowledge of her father’s connections to the Mafia (he was actually well connected to the Genovese family – one of the five “families” that make up New York’s Mafia underworld), Lisa admits that, by that time, she was pretty much aware that her father was immersed in a wide range of illegal activities.
John Novick’s ostensibly legitimate business was as the biggest supplier of soft pretzels in New York City, with all the major sports venues being his customers. As well, he had kiosks near subway stations throughout the city. Lisa gives quite a detailed explanation of how money is laundered through what appear to be legitimate businesses, yet in footnotes that she provides throughout the book, she explains that she had to research almost everything she describes by looking at FBI archives and court transcripts, as well as other books and articles about New York’s Mafia underworld.
Yet, even though Lisa did realize her father was earning his income illicitly – for the most part (she does relate a series of hilarious business ventures in which he was involved that all failed), she doesn’t judge him at all harshly. In fact, she admits that she was always much closer to her father than her mother, whom she describes as having a terrible temper and much less gregarious than her extremely popular father.
One other aspect of John Novick’s career as a criminal is that, unlike almost everyone of his Mafia cohorts, he was never indicted and never served any time in jail. Although he comes across as someone who succeeded in making money despite his own inability to properly organize his affairs, apparently he was so popular with almost everyone who was involved in illegal activities that he benefited from his close relationships to the point where he was able to count on the largesse of some of the most vicious criminals in New York City for over 50 years. He also had a fantastic ability to do complex math calculations quickly, which proved invaluable to him as a gambler, which was his favourite pastime.
John Novick died in 2014. He had a myriad of health conditions when he was admitted to hospital one year before his death, principle among them being severe obesity. He weighed over 300 pounds when he was first hospitalized but had shrunk to a mere 150 pounds by the time he died. Reading about his voracious eating habits is quite repelling, although fascinating at the same time. He could devour a four-pound lobster, followed by a streak drowning in butter, Lisa writes, topped off by everything that was on a dessert tray that was brought to his table.
But, what of these mobsters’ children’s connections to their Jewishness? In none of the three cases I’ve cited does being Jewish play much of a role in their childhoods, other than when it comes to food. Lisa Novick says that both her parents were not at all involved in Jewish life. They didn’t attend synagogue nor did they observe any of the Jewish holidays (although she does describe her father’s weird habit of fasting on Yom Kippur by staying in bed and doing nothing but watch television. That was his only nod to Jewish observance, she writes.)
As far as Sylvia Lansky goes, by the way, considering that her father was probably the most famous Jewish mobster of all time, what I remember best about her interview with Anna Maria Tremonti were some of her anecdotes about meeting famous celebrities. She tells the story of encountering Frank Sinatra in a New York restaurant one time when she was a little girl. Sinatra came over to the table where she was seated with her mother and father, but he accidentally knocked over the ice bucket that held a bottle of champagne directly on to her lap.
Sylvia describes how a look of mortal fear came into Sinatra’s eyes; clearly he thought that Meyer Lansky might order a hit on him right then and there. When Anna Maria asked Sylvia how she felt at that moment, I’ll always remember her answer: “I was cold.”
Sylvia also relates her own torrid love affair with Dean Martin. He could make love six times in one night, she recalls during the interview. Jews and Italians – joined at the hip, and often other places as well.
So – these were all spoiled children of men who made their money illegally – and none of them wondered where all the money was coming from. Is that unusual? I’m not so sure.
It’s one thing to not know what your father does for a living, but it’s another thing to see your house fill up with material goods – as was the case with all four of these mobsters’ children. Wouldn’t you wonder how your father was able to acquire so much “stuff” – and why were all their fathers so secretive about what they did?
I’ve barely mentioned the mothers of the children who grew up with mobster fathers. I suppose one can make a “deal with the devil” fairly easily if need be. There’s a lesson in here somewhere about how people can rationalize their behaviour. Yet, I’m sure you’re just like me in agreeing that reading about the family lives of mobsters – just as it was depicted on “The Sopranos” is noteworthy not for its excitement, but for the extreme pains criminals take to keep their lives as mundane as yours or mine.
Features
Bias in America’s Colleges Produced Modern Anti-Zionism
By HENRY SREBRNIK Jon A. Shields, Yuval Avnur, and Stephanie Muravchik, professors at the Claremont Colleges in California, have just completed a study, “Closed Classrooms? An Analysis of College Syllabi on Contentious Issues,” published July 10, 2025, that draws on a database of millions of college syllabi to explore how professors teach three of the most contentious topics: racial bias in the criminal justice system, the Israel-Palestine conflict, and the ethics of abortion.
They used a unique database of college syllabi collected by the “Open Syllabus Project” (OSP). The OSP has amassed millions of syllabi from around the world primarily by scraping them from university websites. They date as far back as 2008, though a majority are from the last ten years. Most of the data comes from universities in the United States, Britain, Canada, and Australia.
“Since all these issues sharply divide scholars, we wanted to know whether students were expected to read a wide or narrow range of perspectives on them. We wondered how well professors are introducing students to the moral and political controversies that divide intellectuals and roil our democracy. Not well, as it turns out.”
In the summary of their findings, “Professors Need to Diversify What They Teach,” they report that they found a total lack of ideological diversity. “Across each issue we found that the academic norm is to shield students from some of our most important disagreements.”
Teaching of Israel and Palestine is, perhaps no surprise, totally lopsided, and we’ve seen the consequences since October 7, 2023. Staunchly anti-Zionist texts — those that question the moral legitimacy of the Israeli state — are commonly assigned. Rashid Khalidi, the retired professor of Modern Arab Studies at Columbia, is the most popular author on this topic in the database. A Palestinian American and adviser to the Palestine Liberation Organization delegation in the 1990s, Khalidi places the blame on Israel for failing to resolve the conflict and sees the country’s existence as a consequence of settler-colonialism.
The problem is not the teaching of Khalidi itself, as some on the American right might insist. To the contrary, it is important for students to encounter voices like Khalidi’s. The problem is who he is usually taught with. Generally, Khalidi is taught with other critics of Israel, such as Charles D. Smith, Ilan Pappé, and James Gelvin.
Not only is Khalidi’s work rarely assigned alongside prominent critics, those critics seem to hardly get taught at all. They include Israel: A Concise History of a Nation Reborn by Daniel Gordis, a professor at Shalem College in Israel. Gordis’s book appears only 22 times in the syllabus database. Another example is the work of Efraim Karsh, a prominent historian. His widely cited classic, Fabricating Israeli History, appears just 24 times.
For most students, though, any exposure to the conflict begins and ends with Edward Said’s Orientalism, first published in 1978. Said is the intellectual godfather of so many of today’s scholars of the Middle East, thanks in no small part to this classic book. Said was a Palestinian-American academic, literary critic, and political activist from a prominent Christian family. Educated at Princeton and Harvard Universities, two of America’s most distinguished centres of higher learning, he taught at Columbia University, another Ivy League institution, until his death in 2003.
Said was no crude antisemite. His writings were aimed at academics and intellectuals and he has, in my opinion, done more damage to the Jewish people than anyone else after 1945. Said claimed to be the first scholar to “culturally and politically” identify “wholeheartedly with the Arabs.” But he was also a political activist for the Palestinian movement opposing the existence of Israel.
Said warned PLO leader Yasir Arafat that if the conflict remained local, they’d lose. Join “the universal political struggle against colonialism and imperialism,” with the Palestinians as freedom fighters paralleling “Vietnam, Algeria, Cuba, and black Africa,” he advised.
(In this he was not the first, though. Fayez Sayegh, a Syrian intellectual who departed for the United States and completed his Ph.D. at Georgetown University in 1949, preceded him. Also an academic, his 1965 monograph Zionist Colonialism in Palestine stands as the first intellectual articulation of Zionism as a settler colonial enterprise, arguing that the analytical frameworks applied to Vietnam and Algeria apply equally to Palestine. The treatise situated Zionism within European colonialism while presenting it as uniquely pernicious.)
Israel’s post–Six-Day War territorial expansion helped Said frame Israel as “an occupying power” in a 1979 manifesto titled The Question of Palestine. Alleging racial discrimination as the key motive was a means of transforming the “Zionist settler in Palestine” into an analogue of “white settlers in Africa.” That charge gained traction in a post-Sixties universe of civil rights, anti-imperialism, anti-colonialism, and Western self-abnegation. The work sought to turn the tables on the prevailing American understanding of Israel: It is not, in fact, an outpost of liberal democracy or refuge from antisemitism, but an instrument of white supremacy.
Orientalism popularized a framework through which today’s advocates on behalf of Palestinians understand their struggle against the state of Israel and the West generally. Said casts the Western world as the villains of history and peoples of the East as its noble victims.
The essence of the book, Said concluded, is the “ineradicable distinction between Western superiority and Oriental inferiority.” It falsely affirms “an absolute and systematic difference between the West, which is rational, developed, humane, superior, and the Orient, which is aberrant, undeveloped, inferior.”
So it was impossible to take Zionism seriously as one among the myriad nationalist movements that emerged in the nineteenth century, much less to see Israel itself as a land of refugees or the ancestral homeland of Jews. And, indeed, Said’s Orientalism singles out Israel for special rebuke, suggesting that the state could be justified only if one accepted the xenophobic ideology at the core of Western civilization. Israel’s defenders, particularly those who lament the lack of democracy in the Middle East and fault Arabs for their militancy, represent the “culmination of Orientalism.”
Said is widely acknowledged as the godfather of the emerging field of postcolonial studies, and his views have profoundly shaped the study of the Middle East. Said also inspired – and in some cases directly mentored – a generation of anti-Zionist U.S. scholars whose dominance in the academic study of the area is unquestionable today.
The political left that emerged trained itself to read every conflict as the aftershock of colonialism. The ideological narrative of oppression and resistance allowed even the jihadist to become a post-colonial rebel.
It’s hard to overstate the academic influence of Orientalism. The authors note that “As of this writing, it has been cited nearly 90 thousand times. It is also the 16th most assigned text in the OSP database, appearing in nearly 16 thousand courses.” Orientalism is among the most popular books assigned in the United States, showing up in nearly 4,000 courses in the syllabus database. Said’s work appears in 6,732 courses in U.S. colleges and universities.
But although it was a major source of controversy, both then and now, it is rarely assigned with any of the critics Said sparred with, like Bernard Lewis, Ian Buruma, or Samuel Huntington. Instead, it’s most often taught with books by fellow luminaries of the postmodern left, such as Frantz Fanon and Judith Butler.
All these ideas are now embedded into diversity, equity, and inclusion identity politics, and “humanitarian” outrage over supposed Israeli “settler-colonialism,” “genocide,” and “apartheid.”
The ground for the massive pro-Hamas college and university encampments, and attacks on Jewish students, was prepared decades ago. The long march of progressives through American institutions over the past decades has taken its toll on society.
Henry Srebrnik is a professor of political science at the University of Prince Edward Island.
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.