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TSX rally’s days are numbered, says analyst

Canadian stocks have been enjoying a good run in 2014, but are the good days numbered?

In the first four months of the year, the benchmark S&P/TSX composite index has risen more than 8 per cent, easily outperforming the likes of the S&P 500, Japan’s Nikkei 225 and the U.K.’s FTSE 100.

All 10 subindexes have contributed to the gains, with standouts from energy, health-care, materials, consumer staples and technology. Just as impressive, big moves from individual stocks come from a variety of sectors: Encana Corp. has risen 32 per cent, Magna International Inc. and Jean Coutu Group (PJC) Inc. have risen 26 per cent each, Saputo Inc. has risen 22 per cent and Goldcorp Inc. has risen nearly 20 per cent.