Ned Davis Research has upgraded Canadian stocks to overweight following a 22% rally, highlighting their strong performance alongside U.S. markets. Chief global investment strategist Tim Hayes noted that Canadian stock valuations remain attractive and are less reliant on megacap sectors.
The rally in Canadian stocks this year is poised to outlast the surge in US equities, prompting American investors to consider shifting their focus to Toronto. David Rosenberg, founder of Rosenberg Research, highlights Canada's favorable long-term stock market momentum as a compelling reason for this strategic move.
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