April 15, 2008

US vs Canadian Markets

Over the last three months the Canadian markets have outperformed the US markets. The Canadian index is up 6.5% while the S&P declined around 4%. The divergence of performance is attributable mainly commodities stock performance. The Canadian index is biased towards commodities, mining and energy related companies. Canadian Energy sector performance and particularly oil sands related companies are on fire.

I just wonder if this relative out performance will continue the future? If commodities continue to run like this, then why not.

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