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5% of MSCI World Index

Its official, Canada has joined the grown-up table.  Canada now accounts for 5% of the MSCI world Index, a function of the strength of Canada's stock market, and currency makes Canada now a major player for investors globally.

OK, enough with the hype, what does it really mean?  It means that major investors (think SW Funds) will be  looking at Canada as a distinct asset (and not just as in its Rest of the World allocation).  The truth is that the Canadian stock market has outperformed the US market by nearly 500 bps, annually for the past 8 of the 9 years.

Stick that in your pipe and smoke it boys!

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