Canadian Stocks End 2016 With Developed World’s Biggest Advance
- Despite last-day drop, they surge 18% in 2016, most since 2009
- Financials favored in an expensive market, Rosenberg says
The Toronto Stock Exchange.
Photographer: Reynard Li/BloombergThis article is for subscribers only.
Canadian stocks slipped in a muted conclusion to a year that saw the S&P/TSX Composite Index rally more than any other developed market.
The gauge fell 0.9 percent to 15,287.59 at 4 p.m. in Toronto on the last trading day of the year after a rally that has propelled the benchmark index to its sixth straight monthly advance. Weakness in material and energy shares offset gains in health care.