TSX seen lagging Wall St for second year in 2012

TORONTO (Reuters) – After beating Wall Street in the previous decade, Canadian stocks look set to lag for the second straight year in 2012, as relentless headwinds overseas drag on the Toronto Stock Exchange’s hefty resource sector. Canada’s famously conservative banks and other financial stocks, which account for about a third of the market, could also be a liability, with some forecasting a bigger rise in U.S. banks on the back of an improving economy there. …

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