Canadian stocks have not fared well recently. The TSX is down 2.5% in the last month. US markets are doing much better by comparison. I’m concerned about the Canadian banking sector. Also, oil prices (especially oil sands prices) are under pressure. I think it’s time to reduce my exposure to the TSX, and increase exposure to the roaring US market.
- Sell XIU.TO @ $17.92
- Buy XSP.TO @ $18.28