Canada’s equity benchmark is heavily weighted toward energy, but the recent rally in West Texas Intermediate crude prices isn’t doing much for either the S&P/TSX Composite Index or Canadian energy stocks. In fact, the performance gap between WTI and the S&P/TSX is the biggest on record due to the recent collapse in prices for Western Canadian Select oil. This doesn’t bode well for Canadian stocks in 2018 -- forecasters expect the benchmark to eke out a gain of just 4.4 percent.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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