Canada’s Stock Market is the Worst in the World Under Trudeau Liberals
For years now, investor portfolios in Canada have been taking an undue amount of punishment from the oil and gas sector. So much so, that you’d figure it would grow tired of inflicting all that damage and start being nice again in 2018. Guess again. Canada’s stock market is being a real dog again this year and energy stocks are leading the way down.
In the last 10 years, the energy subindex on the S&P/TSX Composite has dropped by more than a third, acting as a major headwind on the broader market. The TSX has gained only 14% in that same period, compared to an advance of 101% for the S&P 500 in the U.S.