Business & MarketsMarkets News

Canadian Stocks Finally Enjoy Day in the Sun

The Canadian stock market has long been a laggard globally, but it reached record highs last week and has outperformed the S&P 500 by 3 percent in the second quarter.
Save
Canadian Stocks Finally Enjoy Day in the Sun
The Toronto Stock Exchange hit record highs July 10 and 12. The Canadian Press/Aaron Vincent Elkaim
Rahul Vaidyanath
Updated:

NEWS ANALYSIS

The Canadian stock market has long been a laggard globally, but it reached record highs last week and outperformed the S&P 500 by 3 percent in the second quarter.
The Canadian economy is starting to behave more like the U.S. economy and the Bank of Canada raised interest rates four times in the last year. Over this period, the Toronto Stock Exchange (TSX) is up 9 percent.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
twitter
Related Topics