Vladimir Putin

Shannon, Kim

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The Canadian stock market. A few of the negative and doomsday comments about the Canadian stock market. The speaker proceeded by addressing several arguments. Argument #1: Canadian equities have outperformed global indices in the last few years. This is largely due to the run up in commodity prices. Therefore, it must be time to underweight Canadian stocks. Argument #2: Canada's top three sectors (industry groups) represent over 70 per cent of our overall market capitalization. That is "too undiversified" and investors need greater levels of global exposure in compensation. Argument #3: Global buyouts, mergers and consolidations are removing so many Canadian large cap stocks that we will soon no longer have a viable, stand-alone stock market. Argument #4: Resource stocks are cyclical stocks, commodity prices will soon collapse and thus one should underweight the resource-exposed TSX.