SOURCE: Gold World

November 16, 2006 16:29 ET

TSX Sets New Record High, More Gains Ahead: Analyst

BALTIMORE, MD -- (MARKET WIRE) -- November 16, 2006 -- The Toronto Stock Exchange (TSX), Canada's main stock exchange, ballooned over 100 points this morning, setting a new intraday record at 12,528.51. But according to at least one analyst, this is just the beginning for Canada's equity markets.

Over the past four years, the TSX has outperformed the Dow, NASDAQ, and S&P 500 by a significant margin.

Luke Burgess, publisher and managing editor of, says in a recent report, "Over the past four years, the TSX has tacked on nearly 40%, while the three main American exchanges have averaged a measly 23%."

Since the beginning of 2002, the Dow has increased 22.2%, the NASDAQ 25% and the S&P 500 21%.

Despite the healthy gains in the TSX, Burgess says that the index could experience a further 15% gain from current levels in 2007.

Burgess attributes this increase to a continuing rally in energy and metals, commenting earlier today, "The commodity bull market is far from over. In fact, I think the bull hasn't even crossed the midway point yet."

On top of a continuing commodity rise, Burgess believes that a long-term rally in the Canadian dollar -- and a subsequent decline in the U.S. dollar -- will only push the TSX index higher. And to Burgess, one thing is clear: "There's still plenty of cold hard cash out there waiting to be made in Canadian stocks."

But most Americans don't have a clue where they can go to buy and sell Canadian equities. This has inspired Burgess to put together a new report that he says will "definitely help an investor looking to take advantage of the continuing Canadian equity bull market."

As savvy investors know, having a diverse portfolio is the key to having a successful one, and diversity is exactly what the Canadian exchange can bring to those with exclusively U.S. stocks, especially now that the U.S. dollar is looking weak.

To get a free copy of Burgess' latest report, visit the following website:

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