Canadian Stocks Post Their Best Start to the Year Since 1980
- Benchmark equity index roars into 2019 with almost 7% gain
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The last time Canadian stocks started the year with such a dramatic gain, Michael Jackson’s “Rock With You” was the number one song, the Rubik’s Cube had just hit store shelves and Bank of Canada’s key lending rate was almost 13 percent.
The S&P/TSX Composite Index has gained 6.9 percent since the close of trading on Dec. 31, the largest increase over the first 18 days of the year since 1980, when the benchmark was up 8.5 percent, data compiled by Bloomberg show. The index is up 11 straight days.