Insights and Market Perspectives
Author: Mike Archibald
April 19, 2024
The Canadian stock market enjoyed a good start to the year, as the S&P/TSX Composite Index rose about 6% in the first quarter. True, that performance might pale in comparison to the U.S. equity market, where the S&P 500 Index extended its late-2023 rally. But Canadian stocks’ solid gains so far in 2024 should not be overlooked, as there is reason to believe that the market may gain momentum in the months ahead.
As much as investors in Canadian equities aren’t likely to complain about a 5%-plus quarterly gain, they still might look in envy at U.S. markets, where the S&P 500 rose by about 10% in the first quarter, clearly outperforming the Canadian index. There are some…
