Will The Bull Head To Canada?
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 Composite 300 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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