Canada’s main stock index edged lower while U.S. markets continued a record streak after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected.
“The rally is also based on the extreme success of the earnings season so far. We’ve had more than 80 per cent of companies beating expectations, and these expectations were already high and we’re seeing growth both on the top line and bottom line,” said Pierre-Benoît Gauthier, vice-president of investment strategy at IG Wealth Management.
“On the bottom line, it’s actually growth of almost 20 per cent EPS (earnings per share). So this is a really special
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