RE:RE:RE:U.S. dollar depreciationbmbruce wrote: If you look at the utilities sector ETF XUT which targets the Canadian utilities, close to 60% of its holdings are in companies (FTS, BIP.UN, EMA, AQN) which earn a significant amount of their revenues in U.S. dollars... when the Canadian dollar appreciates relative to the U.S. dollar, as it has over the past 5 months together with a continuation of expected weakness in the U.S. dollar then the earnings of these companies will certainly be impacted in a negative way..
Well, yesterday the utilities sector was down on both sides of the border with the Dow Jones Utilities Index, which is compromised only of U.S. utitlity stocks, dropping around 1.5%