It has been a remarkable 5 years for the Canadian dollar , currency and equity markets. During 2003, 2004 and 2005
Canadian stocks rose 27% . 14 % and 24% . respectively and it appears that the 2007 market will again be another strong year for currencies , currency and equity financial markets. Strong performance however masks some of the challenges faced by the Canadian , North American , U.S and foreign equity and currency exchange markets.
With roughly 44 % of the Standard and Poors S & P Composite index in energy and materials , Canada’s performance has and will continue to be influenced by the global economy and by extensions - commodities and the foreign currency exchange fluctuations. While the materials sector has performed exceptionally this year due to more than robust earnings and consolidations, the CRB index ( a rough measure of commodity prices standardized for currency fluctuations) is down approximately 17 % from the its May 2006 peak. The year to date decline in oil and gas prices has caused the energy sector to lag the rest of the markets this year.
Forex Foreign Currency Trading Resource Center
www.sellyourmanitobacottage.com
Sphere: Related Content
Leave a comment
Trackback URL for this entry | Commentfeed