Ownie Carroll owns a portfolio composed of U S stocks and bonds Interested in further diversifying the portfolio, Ownie decides to add investments in Canadian common stocks Ownie 's broker, Slick Castleman, voices the opinion that the Canadian securities would not be particularly effective risk red...

The Canadian economy is tightly intertwined with the ...

Ownie Carroll owns a portfolio composed of U.S. stocks and bonds. Interested in further diversifying the portfolio,

Question:

Ownie Carroll owns a composed of U.S. and bonds. Interested in further diversifying the Ownie decides to add investments in Canadian common Ownie's broker, Slick Castleman, voices the opinion that the Canadian securities would not be particularly effective risk-reducing investments. Discuss the logic behind Slick's opinion.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...