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Year-to-Date: Toronto Underperforms North American Markets

Chris Lau's photo
Toronto Financial Markets Examiner

Toronto's exchange officially ended with flat year-to-date returns for 2011 last week. Returning as much as 6% by April of this year, the index traded sharply lower for the year.

Reasons:

  • QE2 - Quantitative easing is ending in the U.S. on June/2011
  • Sharp sell-off in resources, notably Silver
  • Strong Cdn dollar

In comparison, the Nasdaq and S&P are up 6% each, and the Dow Jones is up over 8% for the year. Even with the stronger Canadian dollar (up 3% for the year), the under-performance of Canadian market is dramatic.

Attached: chart comparison of Toronto markets vs. US Exchanges.

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TSX Underperforms
TSX Underperforms
Photo credit: 
Y!Finance

Related topics:

, Toronto Financial Markets Examiner

Chris is an individual investor with more than 15 years of experience. He is also a registered part-time real estate agent in the Toronto (GTA) area. His writing experience includes a personal blogging site - Chrispy Crunch - that had a worldwide readership, along with Seeking Alpha. He has many...

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