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The amount the S&P 500 is paying out in dividends is just a fraction of what those firms can afford to pay out, according to S&P Dow Jones Indices senior index analyst Howard Silverblatt.
The amount the S&P 500 is paying out in dividends is just a fraction of what those firms can afford to pay out, according to S&P Dow Jones Indices senior index analyst Howard Silverblatt.
(Maksym Plotnikov/iStockphoto)

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U.S. investors are joining the Dow party. Canadians, not so much

The Dow Jones industrial average is rocketing to new highs, but the wave of enthusiasm for stocks diminishes as it crosses the border.

The S&P/TSX composite index is well below its 2008 high, and has risen just 4 per cent in the past 12 months. The benchmark U.S. index, meanwhile, is up more than 12 per cent in the same period amid optimism about the strength of the world’s largest economy.