2016 to remain challenging for Canadian stocks Dec 24th

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OTTAWA – The Toronto Stock Exchange was pounded this year as the price of oil and other commodities took a beating.
Down more than 10 per cent heading into the final trading week of the year, even the Canadian banking sector — a stalwart of many portfolios — has struggled.
And 2016 is expected to continue to be challenging for Canadian stocks.
Sadiq S. Adatia, chief investment officer at Sun Life Global Investments, says 2015 started out bullish, but unwound in second half of the year with a bigger hit on oil prices and weakness in China.
“It was a tale of two halves,” Adatia said.
“As we close off the year, people are going to be looking at how the Canadian fares with even lower prices than people were expecting in 2015.”
Canada’s top stocks of 2016 »
The energy sector grabbed the headlines in 2015 as the price of oil went into freefall, taking stocks and the loonie with it. But the drop in the Canadian dollar wasn’t all bad news.
Canadian investors with U.S. stocks benefited enormously from the drop in the loonie…

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