Why Do Canadian Stocks Keep Blowing Up? – Barron's

This post was originally published on this site

Toronto’s Bay Street financial area seems like a cleaner, quieter version of Wall Street. The country’s six big banks passed relatively unscathed through the financial crisis. The local bourse’s TSX index has moved more or less sideways, while U.S. markets bubble up. Canada’s economy grew at 3.7% in this year’s first quarter, and the world has a crush on Prime Minister Justin Trudeau. With resource and energy companies finding their footing again, U.S. investors might be tempted to prospect above the border.

It’s not as…