TSX vs. NYSE
Toronto Stock Exchange ripped higher as American markets went down big time. Is Canada recession-proof right now? Here are two different opinions:
If the U.S. economy slows, export-driven emerging markets of Asia and Latin America and commodity-based economies such as Australia and Canada could be pressured. (MarketWatch)
On the other hand Yola Edwards, a well-respected experienced technical analyst predicts TSX above 14,300 in 2008 and up to 22,000 in 2009: click for chart. While it may seem pretty outlandish, if you factor in the inflation it very well may happen.