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For the decade beginning in 2002, Canadian equity market performance crushed big brother to the south by seven per cent per year (in Canadian dollar terms). With growth in the emerging markets economies cooling off, however, 2013 saw a major reversal in the trend. The S&P 500, helped by a strengthening greenback, recovered a lot of lost ground, outperforming the TSX by almost 30 per cent. The recent run of stronger U.S. economic data – most notably, the big upside surprise on gross domestic product – suggests this pattern will continue.
For the decade beginning in 2002, Canadian equity market performance crushed big brother to the south by seven per cent per year (in Canadian dollar terms). With growth in the emerging markets economies cooling off, however, 2013 saw a major reversal in the trend. The S&P 500, helped by a strengthening greenback, recovered a lot of lost ground, outperforming the TSX by almost 30 per cent. The recent run of stronger U.S. economic data – most notably, the big upside surprise on gross domestic product – suggests this pattern will continue.
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Scott Barlow's 2013 ... in six charts