Some observers have warned of a bubbling real estate sector, and traders have bet against Canadian real estate through shorting Canadian banks. In the meantime, the national median home price continues to climb to all-time highs. We will have to monitor how the government plans to engineer a soft landing for the real estate market in an attempt to mitigate a potential fallout.
Canada is also home to some booming healthcare names, including Valeant Pharmaceuticals International (NYSE: VRX), which makes up 5.7% of EWC. VRX hit a new lifetime high Thursday.
Looking ahead, Canada’s market could experience further volatility around the October elections as political runners plan the future of the country’s infrastructure development, access to markets and climate policy over the next five years.
For more information on Canada, visit our Canada category.
Max Chen contributed to this article.