Gold’s Rise Drives Canada Stock Benchmark in a New Direction
- Miners’ weight in the TSX index increases the most in decades
- Shortage of tech is a structural problem for index investors
Gold’s strong run is taking Canada’s equity benchmark back to its mining roots.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Gold’s strong run is taking Canada’s equity benchmark back to its mining roots.
Eight out of 12 stocks that have been picked to join to the S&P/TSX Composite Index since June are precious metals miners. Asset management firm Sprott Inc., which has a heavy focus on gold and silver investments, is also a play on metals.