The CAD - USD ratio has traded within a range throughout most of 2021. Recent USD weakness, however, has shown up in trend reversals for the S&P500 index against both emerging & developed foreign market indices. Canada's stock market features many financials and resource stocks, two areas that are trending in the right direction at present. It might be worth keeping an eye on this CAD-USD ratio as well as a representative Canada play such as $EWC here.