Canadian stocks destined for another lacklustre year with only meagre gains expected in 2018
Investors counting on a rebound in Canadian stocks following a lacklustre 2017 are likely to be disappointed.
Canada’s equity benchmark will rise about 4.4 per cent in 2018, a return that would lag last year’s 6 per cent gain that trailed most global indexes, strategists say.
The S&P/TSX Composite Index will end the year at 16,928, compared with 2017’s closing mark of 16,209, according to the average of nine estimates compiled by Bloomberg. This compares with an average year-end forecast of 2,875 for the S&P 500 Index in the U.S, a projected gain of 7.5 per cent.