As the American economy has continued to weaken over the past few months, a number of other nations have also been heavily impacted. One of the hardest hit is Canada, as the country sends close to 75% of its total exports to its Southern neighbor every year. In fact, Canada is, thanks to most recent GDP report, seeing an annualized contraction of nearly 0.4% a year in its economy, suggesting that the nation may already be in recession territory. As a result, many investors will take a closer look at the country’s central bank to see what it can do in order to help boost the economy back into growth as the Bank of Canada meets later today to give its decision on rates. Not too long ago, Canada was the envy of the developed world; the nation saw robust demand for its many commodities, its banking sector was relatively unscathed [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Picky Bulls, Broad Bears ETF Insider: Prudent Buying After Panic Selling Three ETFs To Watch This Week: CNDA, FXF, PPLT Van Eck Launches Small Cap Germany ETF (GERJ) Three ETFs To Watch This Week: PGJ, BRAZ, CNDA
As the American economy has continued to weaken over the past few months, a number of other nations have also been heavily impacted. One of the hardest hit is Canada, as the country sends close to 75% of its total exports to its Southern neighbor every year. In fact, Canada is, thanks to most recent GDP report, seeing an annualized contraction of nearly 0.4% a year in its economy, suggesting that the nation may already be in recession territory. As a result, many investors will take a closer look at the country’s central bank to see what it can do in order to help boost the economy back into growth as the Bank of Canada meets later today to give its decision on rates. Not too long ago, Canada was the envy of the developed world; the nation saw robust demand for its many commodities, its banking sector was relatively unscathed [...]
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