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With U.S. stocks plunging, here are some Canadian stock picks

 Jul 11, 2008 03:34 PM UTC
Return Risk
-38.30% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
GG Positive 07/11/08 -50.40% --
RIMM n/a
ABX Positive 07/11/08 -45.40% --
POT Positive 07/11/08 -75.40% --
CP Positive 07/11/08 -52.59% --
ENB Positive 07/11/08 -27.96% --
ECA Positive 07/11/08 -48.88% --
AGU Positive 07/11/08 -74.52% --
AUY Positive 07/11/08 -66.53% --
CNI Positive 07/11/08 -31.64% --
AEM Positive 07/11/08 -56.19% --
CCJ Positive 07/11/08 -59.92% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Barrick Gold (ABX), Canada, Goldcorp Inc (GG), Commodities, Oil, Agriculture, Stocks to Buy, Potash Corp. of Saskatchewan (POT)

Once again it's ugly out there today. The Dow Jones Industrial Average dropped below 11,000 for the first time in two years, plunging over 2%. The rest of the U.S. stocks are not far behind with both the Nasdaq composite and the S&P 500 down over 2% as well. It's depressing. But you don't have to look far to see a nicer picture, you just have to look up: up north that is.

The Toronto Stock Exchange has fared much better in what has officially become a U.S. bear market. Over the past year, while the S&P 500 sank over 19%, the S&P/TSX Composite index dropped only 3.4%. Year-to-date, while the S&P 500 declined over 16%, the TSX was barely down 1%. And if you stay away from financials on the TSX, you'd fare even better.

How so, you a...



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allstarinvestor   85%     1 point   commented 142 days ago reply

what are the effects of the exchange rate between the canadian dollar and the dollar on stocks like these, does anyone know?

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