Canadian financials’ share of Toronto index hits 8-year high as bank valuations surge
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Article Excerpt
Canadian financials’ share of Toronto index hits 8-year high as bank valuations surge
FERGAL SMITH AND NIVEDITA BALU
TORONTO
REUTERS
PUBLISHED 1 HOUR AGO
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The Canadian financial sector’s share of the country’s benchmark stock index, the TSX, is at its highest level in eight years, underscoring investor enthusiasm for bank shares and nervousness about energy and materials.
The financial sector now accounts for 37 per cent of the TSX, reducing the diversi…
Read full article at The Globe and Mail ↗
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