Canada's Stock Rally Is the Opposite of Tech-Driven Surge in US.

Canadian stocks are experiencing a broad-based rally, in contrast to the US where only a few stocks have driven the market. The S&P/TSX Composite Index, which removes market-cap bias, has risen 11% this year, outperforming its cap-weighted peer in the US. The S&P 500 is heavily reliant on a small number of stocks, leading to concentration risk and vulnerability to negative news. Despite the S&P 500 outperforming the S&P/TSX Composite, strategists predict greater upside for the Canadian benchmark in the next 12 months. [Extracted from the article]