The Globe and Mail reports in its Tuesday edition that what had been the Canadian market's greatest vulnerability last year has become a key advantage this year as commodity prices rebound. The Globe's Tim Shufelt writes that a high level of the Canadian market in resources produced steep losses in domestic equities through the commodity bust, but has since placed Canadian stocks atop the developed world in 2016 index returns. That outperformance is unlikely to wane this year, says Canaccord Genuity Group analyst Martin Roberge. He says, "The S&P/TSX [composite index] and its high-resource content should continue to shine among world stock markets this year." Mr. Roberge says a key assumption behind that call is the continued outperformance of economically sensitive stocks over defensive names. He says, "When both resource and non-resource cyclicals thrive, Canadian equities normally lead their world counterparts." So far this year, Canadian resource stocks have made aggressive gains, albeit from a starting position of extreme weakness. The materials and energy sectors lead the broader Toronto market with returns of 40.9 per cent and 11.9 per cent since the end of last year.