Canadian Stock Market Performing Poorly Under Trudeau Government.

Since the Trudeau government was elected in 2015, evidence suggests a negative change in the Canadian economy.

The underperformance of Canadian stocks has become quite noticeable over the last few months. The existing evidence indicates a fundamental change in the Canadian economy in the last two years.

The Evidence

According to a Financial Post article:

“The annualized return of the Canadian ETF between Jan. 1, 2016 and Dec. 31, 2017 was 15.3 per cent versus 22.3 per cent for the U.S. ETF. However, from Jan. 1, 2017 to Dec. 31, 2017, the Canadian ETF rose by only 6.8 per cent versus 26.3 per cent for the U.S. And 2017 was a year of co-ordinated global expansion! The two years prior to 2015, a worse period for commodity stocks, XIU also underperformed SPY, but the underperformance was more typical of the long-run underperformance of Canadian indexes versus the U.S. equivalents. The annualized XIU return from Jan. 1, 2013 to the end of 2014 was 11.8 per cent versus 17.7 per cent for SPY; the corresponding returns from Jan. 1, 2014 to the end of 2014 were 12.5 per cent and 14.1 per cent, respectively.”

This evidence comes in stark contrast to our neighbours to the south. When Donald Trump took office, a little less than 50 per cent of Americans polled said they were happy with the economy, but in recent months that number has grown to 66 per cent, according to a Quinnipiac University survey. And why shouldn’t they? The American markets are performing at record highs and the unemployment rate is decreasing rapidly. Donald Trump is making America Great Again while Trudeau is turning our country into a sh*t-hole.

Final Thoughts

Trudeau is a big supporter of income redistribution. He loves to over-regulate the economy and limit our economic freedoms to FORCE equal results. Far too many policies hurt productivity and competitiveness of the Canadian economy. Foreign investments in Canada have shrunk due to uncertainty regarding NAFTA, but also because of the Trudeau’s socialist style of governing.

Justin Trudeau might put a nice face on for the public eye, but being nice doesn’t count for much with respect to the economy, and Canadians are beginning to see through Justin Trudeau’s fake smile and pretty boy haircut, and they are waking up to the fact that Trudeau is slowly turning Canada into a sh*t-hole country!


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