Canada is often used as “Australia forecast”.
Canada is very similar to Australia – both legally and as landscape and even…weather.
All people live towards the border (coastline for AU) with US, population is scarce and concentrated in big cities. The weather is harsh – freezing winter’s (hottest summers in Australia).
Also investment wise, Canada is focussed on Canadian shares (banks) and commodities and super expensive real estate.
In the last few years the US hedge funds made a killing shorting previously high flying Canadian blue chips.
The reasons why are different, but since May the US hedge funds seem to have turned their attention to Australia.
The importance of overseas diversification is becoming of utmost importance.
investorpolitico 