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Canada’s stock market — where returns have lagged the US for two straight years — might offer investors protection against a downturn in US stocks, a Toronto-based asset manager says.
Relatively low valuations and a lack of market froth make Canada “a good place to hide” if there’s a correction in US tech stocks, said David Picton, chief executive officer of Picton Mahoney Asset Management, which has C$12 billion ($8.3 billion) in assets under management.
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