Vanguard Sees US Stocks Losing to Canada for Years as AI Shifts
The news article suggests that the Canadian stock market is outperforming the US stock market in 2025, a trend that Vanguard Group's chief economist and head of investment strategy, Joe Davis, believes will continue for the next five to seven years. This shift is attributed to the impact of artificial intelligence (AI) on the markets. Davis argues that Canada's stock market is better positioned to benefit from the advancements in AI, which are expected to drive significant changes in various industries. As a result, Canadian stocks are likely to outperform their US counterparts during this period. The article highlights Vanguard's prediction that this trend of the Canadian market outperforming the US market is just beginning and could persist for several years. This shift in the relative performance of the two markets is seen as a significant development in the global financial landscape.
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