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Skyscrapers loom over a flagpole carrying the Canadian flag in the financial district in Toronto in this file photo.
Skyscrapers loom over a flagpole carrying the Canadian flag in the financial district in Toronto in this file photo.
(Mark Blinch/REUTERS)

The TSX advantage: Earnings forecasts are rapidly rising

Canada’s benchmark index is standing out among its global counterparts this year, and in a good way. The S&P/TSX composite index is up 5.5 per cent, outperforming benchmarks in Europe, Japan and the United States. But the Canadian index is looking good based on another measure as well: Earnings expectations are heading higher.