How market experts expect the TSX to perform in 2023 - BNN Bloomberg

📆 2022-12-28 20:30:00
📰 BNNBloomberg

⏱ Reading Time:
26 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The anticipation of a slowdown in aggressive interest rate hikes, alongside a possible plateau in inflation, has some experts calling for an equity rebound in the TSX Composite Index by the second half of next year.

“One of the most remarkable developments during 2022 was Canada’s outperformance versus the U.S. and other developed markets. We think this outperformance is poised to continue next year,” Kurt Reiman, a senior strategist for North America at BlackRock, said in a phone interview on Dec. 14.

“While we don’t think the BoC is likely to increase interest rates next year, we also don’t see a scenario where they cut rates either,” Reiman noted.“We think the TSX will enter a bull market in 2023,” Brian Madden, the chief investment officer at First Avenue Investment Counsel, said in a phone interview on Wednesday Dec 14.

While these market experts are optimistic for 2023, headwinds still remain ahead of the Canadian equity market, a report by Mackenzie Investments released on Dec. 15 detailed.

Skriv Kommentar

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Canada's housing market correction to extend into 2023, experts sayFollowing a series of interest rate hikes throughout 2022, it remains to be seen whether the Bank of Canada will continue to increase its key interest rate next year. So, what will this mean for home prices in 2023? CTVNews.ca spoke with several experts about what Canada's housing market landscape could look like next year.
Källa: CTVCalgary - 🏆 26. / 68 Läs mer »