NEW YORK ( TheStreet) -- During the opening months of 2011, Canada has become a beacon of strength as clouds remain gathered over many parts of the developed and emerging world. Thanks to stability from its financial system, and its expansive exposure to energy and other natural resources, ETFs designed to target our neighbor to the North have managed to outpace not only the SPDR S&P 500 ETF (SPY), but also broader internationally-focused Vanguard Total World ETF (VT) on a year to date basis.Recently, Canada's economy received a vote of confidence when the International Monetary Fund boosted its outlook for 2011. According to a report from The Globe and Mail, the IMF expects our northern neighbor to witness 2.8% growth this year, up from 2.3% previously. Although this marks a considerable decline from the forecast 4% growth witnessed during the first quarter of 2011, the article notes that this was the largest upward revision seen in the IMF's report.
ETF Support to the North
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.