NEW YORK (TheStreet) -- Canadian Prime Minister Stephen Harper isn't too pleased that President Obama rejected the Keystone XL pipeline, a vessel that would have shipped crude from Alberta's oil sands to the Gulf of Mexico. However, on Thursday, Harper described the exporting of Canadian energy as a "national priority" and pledged to fast-track regulatory approval.
Finally, a bold explorer might take a shot at IQ Canada Small Cap ( CNDA). Its limited liquidity remains a challenge for those who intend to trade more frequently. That said, you're getting roughly 75% exposure to smaller-sized materials and energy corporations with CNDA. Fundamentally, the P/B of 7 and P/E of 14 are attractive. Technically, if the current price of CNDA can put its November highs in the rear-view mirror, a vibrant breakout to the upside may await.