Canada Tops Developed Markets in 2016 on Materials Rally: Chart


A furious snap back in commodity prices pushed Canadian stocks to the top spot among developed equity markets this year. The S&P/TSX Composite Index has now advanced 7.6 percent, surpassing New Zealand’s S&P/NZX 50 Index, which has fallen 3.7 percent so far in June to trim its gain this year to 7.2 percent. A gauge of Canadian raw-materials producers has surged 44 percent for the best year-to-date performance in three decades while energy producers have jumped 15 percent.