Q:

Is the stock market doing better in Canada than in the United States?

A:

Quick Answer

The Canadian stock market is doing well, but not better than in the United States, as of 2015. TMX is the most important stock exchange in Canada and is the eighth largest in the world, while the NYSE tops the list as the world's largest exchange, according to Insider Monkey.

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Full Answer

The Canadian stock market is considered to be somewhat unpredictable because of its major bank exposure to capital markets. It also offers less competition and fewer banking options than in the U.S. However, it is also stable because of its mining, energy and technology industries. The Canadian loonie is said to be sensitive to oil prices, and the Canadian-United States oil trade is thought to be best facilitated by U.S.Conservative party, which is known to more frequently support oil exchange initiatives.

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