Canada Is Sitting Pretty for 2020 as Value Stocks Outpace Growth

By: Divya Balji

Canada’s stock market is on pace for its biggest gain in a decade. But 2020 may be the year it stands above the pack.

Despite an 18% climb so far in 2019 with 15 fresh records and $408 billion in market value added, the S&P/TSX Composite Index is in the middle of the pack compared with top-performing stock markets. Its American counterpart, the S&P 500, has risen 25% in a bull market that everyone thought was living on borrowed time. Even stocks in resource-heavy Australia and New Zealand have done better.

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