The correlation coefficients between the returns on a broad index of Canadian stocks and the returns on indices of the stocks of other industrialized countries are,in general,_________,while the correlation coefficients between the returns on various diversified portfolios of Canadian stocks are,in general,_________.

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In general, the correlation coefficients between the returns on a broad index of Canadian stocks and the returns on indices of the stocks of other industrialized countries are less than 0.8, which means they are not highly correlated.
On the other hand, the correlation coefficients between the returns on various diversified portfolios of Canadian stocks are generally greater than 0.8, which indicates a high level of correlation between these portfolios.

The Correlation Coefficients Between the Returns on a Broad Index