3 Reasons for Optimism Found in Canada’s ETF
February 8th 2010 at 1:00am by Tom Lydon
Canada’s exchange traded fund (ETF) is looking better. Indicators are on the rebound, the economy is growing again and consumer spending is forecast to continue making strides this year.
Economists are optimistic about the recovery in Canada, for good reason:
- For the third straight month in November, Canada’s economy grew, backed by strength in the gas and oil industries, wholesale trade and continued real estate activity, reports Mortgage Broker News. [Why Canada Looks Promising.]
- Jay Bryan for The Gazette says that consumer spending has improved and should translate into about $2.7 billion over the coming year. The improvement is the result of improving personal finances in the form of job growth, household cash flow and low interest rates.
- Nirmala Menon for The Wall Street Journal reports that Canada’s gross domestic product is expected to grow 2.6% in 2010 and 3.2% in 2011.
For more stories about Canada, visit our Canada category.
- iShares MSCI Canada (NYSEArca: EWC)
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.