|UNKNOWN||NORTH AMERICAN - LARGE & ETFs||_N/A|
Educational Segment. Diverging tax policy in the US and Canada and how to take advantage of it. Trump is addressing a joint session of congress tomorrow night. Trump is going to talk about tax, including border tax. They may not have agreement about tax reform until Q4 this year or even early 2018. They want the tax reforms to be revenue neutral. He is far more bullish in his outlook for the US than Canada. The Canadian dollar could get weaker. PSU-T is a high interest savings account, but you would also make money on the drop of the CAD$ relative to the US$. For more aggressive types you could play it with small caps in the US and an inverse position in Canada. There is volatility ahead with ambitious estimates for earnings growth possibly not happening.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com