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BMO Equal Weight Oil & Gas ETF (ZEO.TO) & Select Sector SPDR Technology ETF (XLK)

Trading action across equity markets has been choppy this week as investors grapple with the implications of increased speculation that the easy money party of the last year could start to wind down, and what a potentially reopening economy over the next 6-9 months could mean for the relative outlook of varying sectors. In this issue of Equity Leaders Weekly, we look at energy and technology ETFs as indicators of changing relative strength and tactical capital rotation between sectors as leadership changes.

Air Canada (AC.TO)

Benefitting from renewed interest in airlines, Air Canada (AC.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report and continues its climb up the rankings which started down in the red zone. The shares finished yesterday in 24th place, up 8 spots on the day and up 118 spots over the last month.

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