We're celebrating Canada today and checking in on America's neighbor to the north.

Motley Full Money starts now. I'm Dylan Lewis and I'm joined over the airwaves by

my full Canada analyst Jim Gillies.

Jim thanks for joining me and happy Canada day to you.

Thank you Dylan it's very much appreciated.

I appreciate you putting in a few hours of work today on a federal holiday up at home.

All right, let's dig into Canada.

Jim, to kick us off painting a picture of the state of the Canadian market year to date, I'm going to ask

you to fill in the blank here.

So far in 2024, investors in Canada are feeling blank.

Somewhat apathetic probably.

Somewhat apathetic.

Can you expand on that?

Sure.

The, well the Canadian markets not exactly set anything on fire. You know, it's up about 4.5%. If you do a total

return basis, I believe it's up about just over 6%. That compares somewhat poorly against the S&P 500 which is up about

14.5% for the first half the year. Although I do note that dividends added nearly two full percentage points, but 1.7 percentage points to total return for the T.S.

But for the S&P it was about 0.6 percentage points.

So, and we understand why, because if you want to play a little thought exercise,

compare to the Canadian market against an equal weight S&P 500.

And Canada is actually beating equal weight

S&P 500 total return.

...