Re: Watch Lists
Originally Posted by
Bullitt
No, not really because of the differences between the Canadian banking system and the US banking system. Even so, 2/3 of the fund is still natural resource and energy stocks. The chart is really a mess like most country ETF's but it's one of those ETF's that's going to move if one believes oil is going higher.
The canadian economy is overly reliant on the natural resources and oil sectors. Remember when the CAD was worth 1.03 USD or so last summer due to the oil bubble?
It's on my watch list and appears to be forming a base here. Definitely something that's on my radar.
Thanks for the quick explanation. I think this one will go on my watch list too.
Lady
If you think education is expensive, try ignorance. - Derek Bok