The S&P/TSX Materials Index, home to more than 30 Canada-based precious metals miners, has surged 32 per cent this year — making it the second-best performing sector in Canada — on strong gold and silver prices. The rise has happened because of a weakening U.S. dollar, plunging real rates and geopolitical tensions, all of which have motivated investors to seek shelter in precious metals.“There is a risk that all of a sudden gold goes down on a continuous basis.
The S&P/TSX Materials Index, home to more than 30 Canada-based precious metals miners, has surged 32 per cent this year.For Canadian stock-market bulls, gold is one way to mitigate the TSX’s structural challenge — a shortage of large tech companies that has led to underperformance compared with U.S. markets. While Shopify Inc. has become an investor darling, foreign funds see the Canadian market as heavy on banks, energy and mining, Thackray said. Because it is.
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