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TSX outperformance could hold, Canada Cycle Indicator nears two-year high - BofA

Investing.com -- The Toronto Stock Exchange S&P/TSX Composite has outpaced the S&P 500 by 5% year-to-date, and Bank of America (NYSE:BAC) Securities expects this momentum to persist. Strategist Tyson Dennis-Sharma notes that the firm’s Canada Cycle Indicator (CCI), a composite macro gauge, remains near its highest level in two years, pointing to continued relative strength in Canadian equities.

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