Bay Street Says Trump Win to Boost TSX Over Long Run

Bay Street analysts and portfolio managers believe Donald Trump’s victory will strengthen Canadian stocks in the long run, even as initial market reaction left Canadian equities trailing US stocks.

Commodities and resource stocks weighed on the S&P/TSX Composite Index, which initially fell at the market open and was up 0.3% as of 12:00 p.m. Toronto time, trailing the 2.1% gain of the S&P 500. Strategists expect the hit to commodities will be short-lived and see metals and oil rebounding.