Monday, March 18, 2013

Canadian Equities Continue Relative Decline

Almost exactly a year ago, I said the ratio of EWC (ishares Canada ETF) to SPY (S&P500 ETF) had declined to 0.203 (see article).

Today, that ratio has dropped to 0.183 as the Canadian Dollar and stock market has lagged their American counterparts.  I am looking for this trend to continue, at least to the 0.1 level that existed in the late 90s.

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