andyn

After TSX Drops 35% in 2008, Canada Hopes for a Better New Year

Canada's fortunes are tied in with commodities.
If oil starts going back up to even say $60 and stays relatively stable there, the tar sands projects will still be profitable (although less so).

Other commodities have just fallen off a cliff and are way oversold due to the credit freeze. As that thaws, the TSX will rise alongwith it.

Good time to just buy the market and sit back for the next 6-9 months.