Investors Return to Neglected Canadian Stocks as Economy Rises
- TSX has lagged S&P 500 for nine of 10 years, but not this year
- ETF flows increase; valuation gap is still ‘extremely wide’
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As the global economy picks up speed, investors are dusting off the Canada playbook.
Covid-19 vaccinations are gaining momentum and fiscal support is helping the growth outlook, lifting bond yields. That’s a winning set of conditions for the nation’s value-oriented and cyclical stock market, which is outrunning its U.S. counterpart in 2021 after years of lagging performance.