Investors could have made nearly four times more by investing in a GIC for half a year, with no angst, no risk and no stress
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The S&P/TSX composite index was up almost four per cent this year as this column was being written. The S&P 500 was up about 14.7 per cent and the Nasdaq was up 18 per cent. Of all the large developed markets, the Canadian index’s performance is the absolute worst, except for France.
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If you are an American investor, the Canadian market looks even worse. In U.S. dollar terms, the S&P/TSX composite is only up 0.7 per cent this year. Investors could have made nearly four times…
