OH CANADA

Futures are higher before the open but trading a hair below fair value.

One tidbit I will steal from TGL - ( The Gartman Letter)- he is long the Canadien currency v the dollar and is also liking the EWC - Why, because the President seems to be very opposed to the protectionist policy outlined in the stimulus package- Obama said as follows to ABC News:

"A signal of protectionism from the US would be a mistake right now - trade is sinking all across the globe... we need to make sure that any provisions that are in there are not going to trigger a trade war."

Gartman says even dubya wasn't as clear on trade policy- hence he is getting longer EWC and FXC as he suspects Canada will be a big beneficiary and I am going along with the trade.