Are currency-hedged ETFs a good idea?

Year to date, I’ve watched the Canadian dollar fall as low as roughly US$0.70 in mid-June. It has recovered somewhat as of August, but over the past year, there has still been weakness in the loonie. Part of that can be attributed to the tariff threats coming from the U.S. against Canada, which have created uncertainty around trade and the Canadian economy. But the Canadian dollar’s weakness is not necessarily a reflection of deteriorating domestic fundamentals. Part of the move