U.S. investors are joining the Dow party. Canadians, not so much
— The Globe and Mail
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.