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Dec 14, 2023 · In his 2024 market outlook, BMO Capital Markets’ Chief Investment Strategist Brian Belski explains why the Canadian stock market will be the contrarian play, and he highlights some of BMO’s sector recommendations for the year ahead. For those looking for the larger North American view, you can watch Brian’s 2024 U.S. market outlook here:
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.
SECTION ONE: 2024 Economic Outlook – Narrowly Avoiding a Recession Similar to the US, Canadian monetary policy will stay restrictive well into 2024, but the rebound in 2025 on the back of interest rate cuts is much greater. We forecast growth to slow from a 1.2% pace in 2023 to 0.7% in 2024, before rebounding to 2.0% in 2025.
In 2024, we think markets will navigate the last mile in the inflation and central bank tightening cycles, bringing more open road. But this could also bring some bumps along the way. Equities and bonds fell into a bear market in 2022 as the Bank of Canada (BoC) and the U.S. Federal Reserve (Fed) began hiking interest rates to fight four-decade ...
Dec 29, 2023 · Inflation is dropping, or stalling at worst, so the Bank of Canada’s focus on increasing rates to fend off rising prices has done the job. Easier financial conditions as rates drop should be a major driver for the stock market and help stabilize the stalled Canadian economy, the managers say. Story continues below.
- Andy Holloway
- 9 min
Jan 23, 2024 · Motley Fool analysts discuss the housing market, commodities, and the U.S. stock market, along with the top types of stocks to buy in 2024.
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Dec 22, 2023 · The electronic ticker display outside the Toronto Stock Exchange Tower, after the market closed on Jan., 24, 2022. ... Some of the top contrarian takes for 2024 may look like long shots right now ...
