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Cornerstone Blog Forecasts for Canada’s TSX hiked as analysts eye global recovery

Forecasts for Canada’s TSX hiked as analysts eye global recovery

March 4, 2021 by Cornerstone International Group

Canada’s main stock index is expected to extend its record-setting rally this year as a global economic recovery boosts the outlook for the index’s heavily weighted financials and resource stocks, a Reuters poll found.

The median forecast in a survey of 24 portfolio managers and strategists was for the S&P/TSX Composite index to rise to 19,650 by the end of 2021,

up 7.2% from Tuesday’s close of 18,330.09. November’s forecast was 18,400.

It is to rise further to 20,125 by the middle of 2022.

Read the full article here…

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Filed Under: Cornerstone Blog Tagged With: #Canada's, #forecasts

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