Mexican and Canadian stocks are returning the least in 14 years versus the Standard & Poor’s 500 Index, a break from a history of matching or beating the benchmark gauge since the countries formed a free-trade agreement in 1994.
Constellation Software Inc.’s acquisition strategy has made it the third best-performing stock in Canada over the past five years, helping to lead a resurgence in the long-underperforming technology industry once dominated by smartphone maker BlackBerry.
Canadian stocks fell, paring the benchmark index’s biggest weekly rally since July 2009, as gold shares slipped on a stronger U.S. dollar and Research in Motion Ltd. tumbled after reporting profit that missed estimates.
Canadian stocks fell, sending the country’s benchmark stock index to its lowest level this month, as commodity shares dropped after Moody’s Investors Service said it will review its ratings on all European Union countries.
Canadian stocks rose as Royal Bank of Canada and Toronto-Dominion Bank, the nation’s biggest lenders, paced gains among financial companies after boosting their dividends following higher-than-estimated earnings.