Could 2014 be Canada's time to shine?

By Justin Turner CIM, DMS®, CFP®

The last few years have been less than kind to Canadian’s investing domestically. 2013 wasn't a bad year at all, but watching the US markets take off like a runaway freight train has been a frustrating experience for many of us.  Could 2014 be different?

Although it is still early, Canadian markets have outperformed to start the year.  The TSX is up 2% year to date.  Compare that with the S&P 500 which is down 0.25% year to date and there is a little reason for optimism.  More importantly, the strength has been coming from resources with Potash and pretty much every gold stock leading the way.  The small cap index is up over almost 4% to start the year and there has even been some M&A activity, which could be very encouraging signs of things to come.

It might be a bit premature, but this could be the early makings of a 2014 which delivers outstanding returns for Canadian investors and new all-time highs for the TSX along with it.