From Alexander Green, Chief Investment Strategist, Oxford Club:
This week, my Investment U colleagues are talking about “off-kilter” investments. These are assets that most U.S. investors either under-own or don’t own at all.
But I’m casting my eye north to our biggest trading partner: Canada.
Canada is the world’s second-largest country by area and the 10th-greatest in per capita income. It also ranks higher than us on the Fraser Institute’s Index of Economic Freedom.
However, widening spreads between corporate and government bonds – and a stumbling stock market – are signaling a recession there.
Could that be a good thing? It is if you like buying low.
The Toronto Stock Exchange is in bear market territory, down more than 20% from its September 2014 highs. In fact, the resource-rich benchmark is one…