Economics
For Canada Investors, Liberals Prove Better Bet Than Tories
- Data back to 1922 shows stocks do better under Trudeau's party
- Harper has been among worst for stocks; Joe Clark was best
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If history is any guide, a win by Justin Trudeau and the Liberals in next week’s election bodes well for Canadian stocks.
Stretching back to 1922 and the time of William Lyon Mackenzie King’s first term in office, stock returns have been three times higher under Liberal prime ministers than with Conservative leaders, according to monthly data to August 2015 compiled by Bloomberg from TMX Group Ltd., operator of the Toronto Stock Exchange.