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Dec 15, 2023 · John Goldsmith, head of Canadian equities at Montrusco Bolton, joined BNN Bloomberg to discuss tailwinds and headwinds for the Canadian benchmark. Canada’s stock market is poised for a good year of returns in 2024, experts say, with a pause in the interest rate environment expected to lift several key sectors higher.
Sep 13, 2024 · TSX sets new all-time high: Canada’s benchmark stock index will open trading this morning at a new all-time high after gaining 263 points to close at 23,465 yesterday. Unlike the gains in the S&P that have mostly been driven by Big Tech this year, the TSX’s strengthening in the latter part of 2024 is a little more broad-based, with a number of sectors inching steadily higher.
Aug 22, 2023 · Canada’s commodity-linked main stock index is expected to rise less than previously expected over coming months and could see a correction as investors grapple with a slowdown in China and ...
May 22, 2024 · The median prediction of 21 portfolio managers and strategists in the May 13-22 poll was for the S&P/TSX Composite Index to advance just 0.1 per cent to 22,500 by the end of 2024, but that is ...
Sep 26, 2024 · The gauge has climbed 15% year to date, rebounding from a decline of more than 16% last year. Thursday’s milestone comes less than two months after the index eclipsed 23,000 points for the first time in July, when the advance was driven by Bank of Canada rate cuts. Strategists expect the momentum in Toronto trading to continue.
Oct 9, 2024 · The Canadian market is pricing in a 25% chance of a 50-basis-point rate cut in October. However, some experts feel the odds of a jumbo rate cut are greater than 50%. “The Canadian economy has shown very few signs of inflecting higher,” says Boudreau. While a strong September jobs report in the United States might give the Federal Reserve ...
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What is the S&P/Toronto Stock Exchange Composite Index?
The S&P/TSX is a major stock market index that tracks the performance of around 230 companies on the Toronto Stock Exchange in Canada. It is a free-float market capitalization-weighted index. The index covers approximately 95 percent of the Canadian equities market. The S&P/Toronto Stock Exchange Composite Index has a base value of CAD1000 as ...
