October 10, 2024

Lagging UK Stock Market Falling Behind Canada in Value Ranks

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The UK stock market is falling behind Canada in value of listed companies, dealing yet another blow to London’s meandering equity market, which has been eclipsed by ascending exchanges like India in recent years.

Market values in Canada have surged 11% so far this year to $3.22 trillion, according to data compiled by Bloomberg. The value of firms on the Toronto Stock Exchange and the broader Canadian equity market is now neck and neck with the UK. The data excludes foreign depositary receipts and exchange-traded funds in both markets.

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