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Canada Stocks Upgraded to Overweight by Ned Davis After 22% Jump

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The rally in Canadian equities led Ned Davis Research to urge investors to boost their exposure to the market by upgrading Toronto-listed stocks to overweight.

November 29, 2024 at 9:30AM EST --

The S&P/TSX Composite Index is currently on pace to post its best year since 2009. The benchmark has closed at records 42 times this year and is up 22% so far, nearly keeping pace with the 26% gain of the S&P 500.

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