The MSCI Canada Index, has gained an average 12% per year since 1996. This year it’s up 27%.
In the investment world, Canada is all too easily overlooked. It may be the world’s second-biggest country by area, one of a dozen of large economies and a founding member of the G7 club of rich countries. But as the Economist recently points out, Canada continues to struggle for political stability.
Fortunately, Canada’s economic numbers have been strong lately. It’s helped that their three leading industries (energy, metals/minerals and banking) have had a good run. If you feel this trend will continue, the Canadian exchange traded fund offers a diversified basket of stocks concentrated on these sectors. The kicker may be a declining US dollar.
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.