Traders work on the floor of the New York Stock Exchange, Aug. 6.Richard Drew/The Associated Press
The volatility that has rocked global stock markets this week may be offering a pleasant takeaway for rattled investors: Canada looks like an attractive market for anyone in need of shelter from the turbulence.
Tuesday’s market action underscored the point.
The S&P/TSX Composite Index fell just 1.1 per cent. That’s on a day that began with some trepidation over how widely the global sell-off would spread, after Monday’s alarming equity market downturns in Japan and the United States arrived with new fears of a global economic downturn.
More remarkably, some key Canadian stocks from several different sectors actually performed reasonably well on Tuesday. Telecom giant BCE Inc. BCE-T and oil producer Suncor Energy Inc. SU-T ended the day slightly higher, while Constellation Software Inc. CSU-T and Hydro One…
