Historical trends suggest the TSX is likely to outperform the S\u0026amp\u003BP 500 over the next several years. Find out more here.
The composition of the Canadian stock market is dramatically different than that of its southern neighbour. As the table below illustrates, Canadian stocks are far more concentrated in financial, energy, and materials companies, while the U.S. market is more concentrated in the technology, health care, and consumer discretionary sectors.Article contentsoundtrack.
The following table clearly indicates that growth of global gross domestic product is a significant determinant of relative performance of Canadian and U.S. stocks. Stronger global GDP growth has generally coincided with TSX outperformance, while weaker global GDP growth often led to underperformance. In years when global growth was below 3.5 per cent, Canadian stocks tended to fare relatively poorly; when growth was above 3.5 per cent, the TSX outperformed the S&P 500.
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