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Barchart
Barchart
Will Ashworth

Canada’s Big Five Banks All Just Hit New 52-Week Highs. Up 27% YTD, This Stock Leads the Pack.

TD Canada Royal Bank United States Bank of Nova Scotia BNS CIBC Royal TU BMO

Canada’s Big Five banks all hit new 52-week highs on Tuesday. That’s indicative of how well Canadian stocks have performed in the past 12 months.

While the S&P 500 has gained 21.2% in the past year, the S&P/TSX Composite Index is up 30.8% over the same period. All five of Canada’s big banks are among the 220 stocks that make up the composite index. In fact, they represent the 1st-, 2nd-, 4th-, 6th-, and 7th-largest weightings in the index.

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