Canada may be a triple A-rated credit, but in one significant and positive respect it compares with emerging markets like Thailand and Indonesia.
A recovery in commodity prices is driving up Canadian stocks at a similar pace to those in some emerging markets.
The benchmark S&P/TSX composite index rose another 0.9% to 14,883.94 Wednesday, reaching its highest level in almost 16 months. The index is up 14% so far this year, the best-performer among developed countries.
The TSX sank to a two and a half year low in January, but has staged a dramatic turnaround on rising expectations that resource rich country will benefit from a rebound in commodity price – spuured further by oil prices scaling 15-month highs this session.
Story by ProactiveInvestors