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home / news releases / FLCA - Canadian Equities Are No Safe Haven


FLCA - Canadian Equities Are No Safe Haven

  • Since December, despite a parabolic move in fossil fuels (priced in U.S. dollars), the Canadian dollar has not followed along for the ride.
  • Financials do not fare well late in credit cycles as the yield curve moves to zero and then inverts. Canadian financials halved in the 2001-02 and 2007-09 bear markets and tumbled 27% in the 15-day plunge in March 2020.
  • Financials and the TSX Index remain heavily overbought, concentrated and overvalued in this environment. Buy and holders be warned.

For further details see:

Canadian Equities Are No Safe Haven
Stock Information

Company Name: Franklin FTSE Canada
Stock Symbol: FLCA
Market: NYSE

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