Canadian ETF (EWC) Deserves A Look
May 4th, 2006 at 7:55am by Tom Lydon
The Canadian dollar has been on a run. Currently trading 90 cents to the U.S. dollar. Jim "Boo-Yah" Cramer reports "The Canadians just put through some terrific personal and business tax cuts guaranteed to make their economy even more robust. At the same time, the government is running a surplus."
The iShares MSCI Canada (EWC) has a nice cross section of financial and energy stocks that should continue to do well considering the current economic conditions. The fund was up 5% in April and has gained 15% year-to-date.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.