Canada’s political terrain is about to change, as Conservative Prime Minister Stephen Harper won elections. Exchange traded funds (ETFs) and investors could be affected the change, and planned income tax cuts will be implemented.
The investment climate will shift, as a platform of lowered sales and corporate taxes will reign, along with avoidance of climate-change legislation, and promoting of Arctic sovereignty and upping military spending are on agenda, according to Investors Business Daily. [Canada ETFs: An Indirect Commodity Play.]
The Canadian dollar was at parity with the U.S. dollar for the first time since July 2008 recently. [Commodities, Canada, Yield – All in One ETF.]
- Guggenheim Canadian Energy Income Fund (NYSEArca: ENY)
- iShares MSCI Canada (NYSEArca: EWC)
- IQ Canada Small-Cap ETF (NYSEArca: CNDA)
- Currency Shares Canadian Dollar Trust (FXC)
Visit our archives for more information about Canadian ETFs.
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. 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.