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Investors see value in Canada's TSX but smaller gains for 2020: Reuters poll
Toronto's stock market will rise over the coming year, adding to large gains in 2019, as low interest rates support the global economy and investors take a liking to its cheaper valuation than Wall Street, a Reuters poll found. The median forecast in the Nov. 11-25 survey of 26 portfolio managers and strategists was for the S&P/TSX Composite index to rise 3.5% to 17,625 by the end of 2020 from Monday's record close of 17,032.86. "With interest rates roughly at all-time lows, with inflation non-existent ... I think we are still in a very good environment for stocks," said Allan Small, a senior investment adviser at HollisWealth.
https://ca.finance.yahoo.com/news/investors-see-value-canadas-tsx-073752741.html?.tsrc=rss
Toronto's stock market will rise over the coming year, adding to large gains in 2019, as low interest rates support the global economy and investors take a liking to its cheaper valuation than Wall Street, a Reuters poll found. The median forecast in the Nov. 11-25 survey of 26 portfolio managers and strategists was for the S&P/TSX Composite index to rise 3.5% to 17,625 by the end of 2020 from Monday's record close of 17,032.86. "With interest rates roughly at all-time lows, with inflation non-existent ... I think we are still in a very good environment for stocks," said Allan Small, a senior investment adviser at HollisWealth.
https://ca.finance.yahoo.com/news/investors-see-value-canadas-tsx-073752741.html?.tsrc=rss
