If you invest in Toronto stocks (and don’t care about the federal election), pray for a minority government [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
If you invest in Toronto stocks (and don’t care about the federal election), pray for a minority government Briefing highlights If you invest in Toronto-listed stocks, and don't much care about the outcome of the Oct. 21 federal election, you just might pray for a minority government. Bank of Montreal isn't saying that, but my What Mr. Belski found is that the Toronto stock market appears to care little about the outcome of federal elections, though minority governments seem to have a more positive impact than majority ones. Story continues below advertisement "Although politics rarely plays a meaningful role in equity performance, we found there is some evidence to suggest minority governments can be positive for markets, particularly when the valuation starting point is low, as it is currently," Mr. Belski said. "Ultimately, we believe investors should ignore any noise and remain focused on the fundamentals, which remain strong and supportive of continued equity strength," he
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