But at the moment, the loonie looms large for Canada ETFs and that could prove to be a drag on those funds and the broader Canadian economy. In fact, some analysts see an extended, multi-year period of loonie weakness ahead.
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. [Problems for the Loonie]
“The last time the country was in recession was during the financial crisis of 2008-09. As an oil exporting country, Canada has been hit by a fall in the price of the commodity,” reports the BBC.
iShares MSCI Canada ETF
