Although it has been the laggard of the duo, Canada appears to be the most promising option for investors looking for reliable international developed nation exposure at this time.
It has lead in the past, but looking ahead Australia's future strength will depend heavily on whether or not China can continue its breakneck economic growth. With persistent talk of a hard landing coming from economists, analysts, and market commentators, it is clear that there are plenty of lingering questions here.
Canada's economy is not without its challenges, either. On the contrary, as indicated by the nation's surprisingly dismal employment report from last week, the nation's jobs picture remains one to keep a close watch on. Despite these hurdles, however, Canada has remained a noticeably stable performer. As market sentiment continues to swing wildly from headline to headline, the nation's hardiness will likely provide welcomed relief.
Investors who have spent the past few months following the ongoing economic drama unfolding in Europe may understandably hold reservations towards the idea of venturing into foreign markets at this time. Canada and Australia, however, are examples of two international destinations that may be worth keeping an eye on.
Written by Don Dion in Williamstown, Mass.