The Bull Roars Ahead In Canada

Stocks rally as exports and commodity prices strengthen

Lloyd Atkinson, chief investment officer at Toronto-based MTA Investment Counsel, is used to getting a quick brush-off from foreign investors. "Their view has been, why would anyone invest in Canadian stocks?" he says. No wonder: Compared with U.S. stocks, Canadian equities have looked tepid. For the five years ending June 30, the benchmark Toronto Stock Exchange 300 Composite Index has earned an average annual return of 10.8%, vs. 15.7% for the Standard & Poor's 500-stock index. Last year, Canadian stocks logged less than half the U.S. market's gain.

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