Canada ETF: 5 Reasons 2010 Looks Promising

December 22nd at 1:00am by Tom Lydon

110_F_887188_IjphDjk7V9O3QRbyz0kGvIxpLMW3Q5 Canada caught a bit of a cold from the United States’ big sneeze, but 2010 is forecast to be a better year for our neighbors to the north and their exchange traded fund (ETF).

Canada is set to have a bright 2010, according to analysts, as the country boasts a stable banking system. The country branched out and away from relying on the business of the States and has tapped many other foreign markets that need the Canadian resources. [Other reasons Canada is in recovery mode.]

Why else might Canadians be smiling more next year? Money Energy reports:

The Canadian Real Estate Association said new home sales were up 73% across the country in November, compared with the same month last year, but still slightly below the levels of November 2007. [Canada is set up for a growth spurt,when-who knows?]
High domestic stability and consumption strong enough to withstand the drop-off in worldwide export demand.
Increasing global demand in emerging markets and developing nations that rely on natural resources that Canada supplies.
Even if the U.S. dollar strengthens, the Canadian loonie is expected to remain firm.
May shares in representative companies from the banking, energy and telecommunications sectors are set to have a decent or prosperous 2010. [What else will help this ETF get hot?]

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