America is an important market for Canada and Mexico, and the United States is a major consumer of their exports, accounting for 80%. However, the numbers are slowing along with the American economy, explains Carl Delfeld for ETF Folio.
According to a recent article in the Financial Times, both Canada and Mexico are more likely to sustain economic woes stemming from the United States than they have in the past. Diversification is the reason, and both countries have a strong domestic demand now that their homeland has strong consumer spending.
- iShares MSCI Canada Index (EWC)
- iShares MSCI Mexico Index (EWW)