Canada’s main stock market, the Toronto Stock Exchange (TSX), recorded a hat trick Wednesday in taking total gains over three successive winning sessions this week to near 240 points, and this in turn took the overall index to the 21,970 level, within 120 points off of all time highs.
The resources heavy TSX was boosted by higher commodity prices, as reflected in the Base Metals sector jumping 5.4% and Energy rising 1.7%. Meanwhile, Telecoms, Battery Metals and Utilities all fell. But BMO Capital Markets still reckons there has been increased broad based interest in the market here of late.
According to the team over at BMO in a recent equity research note entitled ‘Canadian Strategy Snapshot: Unwinding Reliance of the Few to the Many’ the Bottom Line is that while there remains a clear concentration in performance within North American equity markets, we have started to see the beginning of broadening out of performance away from…
