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The financial district is seen in Toronto.
The financial district is seen in Toronto.
(Tim Fraser For The Globe and Mail)

Insider activity points to continued rally in Canadian financial stocks

Buying momentum has been picking up in Canadian financial stocks, with the S&P/TSX Capped Financials Index up about 14 per cent this year.

A good chunk of that rally came within just the last few weeks and there’s reason for optimism that the trend will continue. Corporate insiders - who tend to be more right in their investment bets than the general public - haven’t lost their appetite to snap up more shares.