TSX

Canadian provincial authorities are waging a long battle to get Chinese companies to play by capital markets rules. Progress south of the border to ensure regulatory and accounting compliance by Chinese companies is an indication of the grind ahead.

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.

Canadian provincial authorities are waging a long battle to get Chinese companies to play by capital markets rules. Progress south of the border to ensure regulatory and accounting compliance by Chinese companies is an indication of the grind ahead.

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.