News Formal

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

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

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CTVCalgary - 🏆 26. / 68 Read more »