The current slide in crude prices has “stalled the best year for Canadian stocks since 2009,” reports Financial Post.
But traders haven’t been discouraged, it adds, since they’re now focusing on companies that sell to U.S. consumers and that, as result, benefit from the low Canadian dollar.
That list includes Alimentation Couche-Tard Inc. and CGI, as well as major non-energy resource stocks. Read more.
Read: Wood you buy this investment?
At the same time, however, investors should be wary of any securities that have exposure to the oil and gas sector, such as heavy-machinery stocks, reports Nasdaq.
For more on current markets, read:
Investment predictions by TIGER 21 members
Help clients look past volatile oil prices