Heavy Oil Exposure Weighs on Canada ETFs

West Texas Intermediate crude oil futures fell to $83.6 per barrel Tuesday while Brent crude oil hit $86.6 per barrel.

Commodity producers, including oil, copper and gold, have led the Canadian markets lower in the first half of the year due to overseas economic concerns, notably in Europe and China. Additionally, oil prices are falling in response to a U.S. shale boom and steady supply from the Organization of Petroleum Exporting Countries. [Oil ETFs To Remain Depressed As Saudis Target Lower Prices]

iShares MSCI Canada ETF

For more information on Canada, visit our Canada category.