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Why it's time to sell Canadian, buy U.S. stocks

The performance of the MSCI Emerging Markets index and the S&P/TSX Composite Index makes it abundantly clear that Canadian equities are dependent on developments in the developing world.

Canadian investors can’t afford to ignore the sharp increase in volatility in emerging markets currencies and asset values in recent days. For many investors, a major shift in portfolio weightings will be required to avoid significant underperformance.