The Globe and Mail reports in its Friday edition that at a time when the Canadian economy feels like it's under siege, the Toronto Stock Exchange serves as a powerful counternarrative. The Globe's Tim Shufelt writes that over the past two years, the Canadian stock market has gained nearly 55 per cent, after factoring in inflation. That ranks among the very best two-year stock rallies in history, such as the dot-com boom of the 1990s and the rebound from the global financial crisis beginning in 2009. Contrast that with four years of the worst housing bust on record. Among the recent winners is Magna International. You would be hard-pressed to find a company more dependent on trade with the U.S. than Magna, whose automobile parts may cross the border as many as eight times before ending up in a finished vehicle. So, when it first seemed like U.S. President Donald Trump was intent on killing the Canadian auto-parts sector, Magna was an obvious casualty. But it turns out that the Aurora, Ont., company is so embedded in the supply chain that the U.S. automakers can't really function without it. Magna's shares have stormed back from the initial tariff shock, and are now up by more than 50 per cent from two years ago.