Canada ETFs reacts with rising Uranium and Oil prices

Canada's main market index the S&P/TSX Composite rose by 0.51% yesterday, lifted by energy, healthcare and Industrial stocks. Overall, advancers beat decliners 982 to 708 on the Toronto Stock Exchange (TSX), while 343 stocks stayed put.

The Energy shares movement is connected to rising oil prices as Brent and WTI Crude futures gained 2.01% and 2.04% on Thursday respectively. However, the main headline for yesterday's uptick is the continuous surge in Uranium price, which saw a 25% increase this year. Unsurprisingly, the top TSX market movers yesterday were Orea Mining Corp. (+27.2%), Fission Uranium Corp. (+14.7%) and Mega Uranium Ltd. (+13.2%).

Canada is one of the world's top oil and uranium producers and will likely benefit from higher prices. One way to get exposure to the Canadian market is through investing in ETFs.

JPMorgan BetaBuilders Canada ETF (BBCA) is the largest ETF investing in large and midcap Canadian Equities, with $5.8bn in assets under management. Its top holdings include Shopify (8.85%), Royal Bank of Canada (7.49%) and Toronto dominion (8.85%). BBCA also provides 13% exposure to Energy and a combined 22% to Industrials and Materials, making it an interesting play on the Uranium and Oil success.

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