BMO chief investment strategist Brian Belski is expecting a period of TSX outperformance of the S&P 500,
“As we have discussed in recent comments, the current pace of US stock market gains is not likely sustainable – especially over the next few months. As such, there is an increasing risk of more stagnant US equity market returns over the near term. ... When we examine a potential deceleration of upward momentum in the U.S. stock market, our work shows Canada can still post solid returns AND outperform the U.S. during more rangebound U.S. markets.
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