Canadian Banks: Canada's Moment to Shine [View article]
If you don't feel like having a commodities futures ETF in your portfolio and so some sound financial exposure, i agree EWC is a great way to go. You get commodities heavyweights like Potash Corp., Encana and Canadian Natural Resources in the top 10 holdings, banks like Royal, B of NS and TD as well as some nice tech plays like RIMM in the top 10 holdings.
Canada's Banking Stocks Should Be Among First to Recover [View article]
Nice analysis - I've thought about the Canadian banks myself recently in the form of EWC (the Canada ETF, of which Financials are the biggest component, roughly 20%). My concern and reason for not pulling the trigger is that the other components of EWC rely heavily on natural resource prices like energy and metals miners - both base and precious. This leads me to wonder whether in a country that relies on commodity production for a large percentage of its wealth creation, how will Canadian banks - the holders of that wealth - fare during a prolonged depression in commodity prices?
Canadian Banks: Canada's Moment to Shine [View article]
Canada's Banking Stocks Should Be Among First to Recover [View article]