The Canadian stock market has become narrower with more exposure to resource and financials, says Jeff Tory, a partner at Pembroke Management Ltd. Speaking at its ‘Outlook 2012,’ he said this is compounded by the fact that Canadian investors are too focused on Canada. Heading into 2012, he also said that investors being bombarded by negative news and experiencing a loss of faith in government. This has left them suffering from “fatigue” and feeling “no love for equities.” The end result is inaction as they are uncertain about what to do.
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