It may sound like an idle story, but a new study from Canadian academic Michael MacGregor finds the stock market has been up a whopping 17.3 per cent since February.
The report was released Tuesday.
“There has been no meaningful improvement in the economic outlook,” MacGregore, a professor at the University of Toronto, said.
“It’s pretty amazing.
It’s been up by a lot.”
He added that the rally may not be permanent.
He said a stock market rally like this one could be a result of a number of factors, including the fact that the Canadian economy has recovered from a recession.
MacGregory said it’s possible the market is a bit higher now than it was just a few months ago, or that people are just holding onto their money.
But it seems unlikely to be a lasting effect.
“The market has gotten very much higher,” he said.
Macgregor said the economy was growing at a healthy pace and that the stockmarket rally may be driven by some investors’ fears about a possible economic recession.
He suggested that investors who were worried about a potential recession were not buying stocks.
He also said that some companies may be struggling to survive, so there is some risk that a prolonged market rally could end up hurting the company’s bottom line.
The latest stock market gains have come on the heels of a record-setting run of 20 consecutive days of gains.
This was a record in Canadian history, according to MacGregorian.
The average Canadian stock price jumped 15 per cent in that time, which included a 12-per-cent increase on Tuesday alone.
But he said he does not think this was due to a lack of enthusiasm for stocks in the markets.
“I don’t think this is due to any sort of lack of confidence in the market,” he told CBC News.
“These are actually really, really exciting times for investors.”
MacGregorem said that investors have been getting increasingly bullish on stocks.
They are buying up companies with big financial assets, which in turn has been creating more demand for stocks.
“In the last month or so, you’re seeing a lot of companies going up and people buying into them,” he added.
“If there is a downturn, the demand for those companies would likely decrease.”
The report comes at a time when Canada’s economy is still struggling with a recession, and MacGregoris said that this was an important factor for investors to take into account when deciding whether to buy or sell stocks.
Mac Gregoris said the recent rally has also come as a shock to investors.
“A lot of people have been expecting a lot from the economy,” he noted.
Macgregore said he believes that the recent gains were mostly due to the strong start to the year and that this will continue to support the economy.”
We’ve also seen a lot less job losses than people thought.”
Macgregore said he believes that the recent gains were mostly due to the strong start to the year and that this will continue to support the economy.