13:50:11 EDT Fri 10 Jul 2026
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Globe says TSX keeps calm and carries on booming

2026-07-10 08:19 ET - In the News

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. That's far better than global stocks have managed over the same period. And it's nearly double the growth in the S&P 500 index, even though it's stacked with trillion-dollar giants forging the next great technological age. Canada's place as a global leader is an unexpected twist for a country many thought was doomed. The fate of North American free trade, which constitutes about one-quarter of Canadian GDP, is up in the air. We are four years into the one of the worst housing busts on record. And we've been forced to course-correct on economy-juicing immigration. While everyone is fixated on the AI hyperscalers, the TSX has quietly soared on the strength of its banks, insurers, pipelines, gold, oil and utilities.

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