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Canadian stock market investors have enjoyed a better summer than most as surging gold stocks have helped our market finally play some ‘catch up’ to the rally in the rest of the world after lagging global markets dramatically over the prior two years. But the strong move here (at least for those who own or added to their gold stocks) has contrasted with market performance outside of North America, where developing economies (referred to as Emerging Markets) have struggled, leading many pundits to euphemistically refer to them as the “SUBmerging Markets.”
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