Canadian Stocks Have Best First Half Since Financial Crisis
- Gains in cyclical shares helped by ongoing economic revival
- Rotation unlikely to stop on higher rates, reopening: CIBC
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Canada’s main stock exchange scored its best first half since the financial crisis of more than a decade ago, helped by investors piling into value and cyclical equities as the economy revives.
The S&P/TSX Composite index climbed about 16% so far this year, outpacing the S&P 500 and MSCI World Indexes. The benchmark last climbed more than 15% in the first half of a year in 2009, coming out of the financial crisis of 2008.