iShares MSCI Canada Index (ETF) (AMEX:EWC)

tengrandchicago (41.64) Submitted: 1/3/2009 1:29:15 PM : Start Price: $17.16 EWC Score: +24.77

The recent ISM manufacturing report shows that our troubles will not go away any time soon. I suspect people will be moving back into oil and gold as a hedge against further US weakness in the year ahead after the recent sell off. Although EWC has a high composition of financial institutions, they are more fiscally responsible than their US counterparts and have faired better than the likes of Citi.

Now here is the kicker... I can't take credit for this, but my relative who works in the investment industry informed me Canada just opened up a new Tax Free Savings Account (TFSA) for all Canadians. Think of it as your typical Roth IRA in the US. You put money in, invest it, it grows tax free, and you withdraw in retirement years without the tax penalty. This new influx of money has to go somewhere, and some of it will go into EWC's composition of companies. Much thanks to my friend up North. All the best in the new year.

Time to pick up some EWC for the long haul.