August 20, 2010 at 05:00 AM EDT
Friday’s ETF To Watch: Canada ETF (EWC)
As many developed markets trend perilously close to double dip territory, investors are desperately searching for low risk industrialized countries in order to stash cash. While a few nations in the Pacific rim– such as Singapore and Australia– have posted solid GDP growth and kept unemployment to low levels, solid markets have been harder to come by in larger countries where debt levels threaten to choke off growth in Japan, Europe, and the U.S. One country that has managed to avoid the worst of the crisis, thanks in large part to the prudent nature of its banks, is Canada. Yet since the United States is the largest import and export partner of the country, the Canadian economy is likely to be heavily impacted by recent weakness in American markets and accelerating job losses in the world’s largest economy. “Unfortunately for Canada, they’re very reliant on what’s going on in [...] Click here to read the original article on ETFdb.com. Related Stories: Canada ETFs Rise On Interest Rate Hike Do You Need A Canada ETF? Friday’s ETF To Watch: CNDA
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