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Canadian investors are in luck: our home stock market is predicted to chalk up some of the best returns in the world this year amid continued economic struggles in Europe and the United States and political turmoil in the Middle East.

"Relative to the U.S. or east Asia, Canada's equity market carries more insurance against a worsening geopolitical climate in the Middle East, in the form of a larger basket of energy stocks and safe havens like gold shares," Avery Shenfeld, the chief economist at CIBC, says in an economic report.

He says that while a diversified investment portfolio is always wise, this year it looks like Canadian stocks will offer you some of the best growth opportunities.