According to Jinshi Data, Brian Belski, chief investment strategist at Bank of Montreal (BMO), Canada, believes that the Canadian stock market will outperform the U.S. stock market in the second half of the year. He believes that faster interest rate cuts will help boost the country's attractiveness.

Belski said Canada's interest rates will fall before the U.S., easing pressure on consumers and the housing sector. "People are going to flock to Canada," he said. "We think Canada will outperform the U.S.."