Canadian Stock Market Rally Seen Cooling In 2015: Reuters Poll - Yahoo News
Toronto Stock Exchange's S&P/TSX composite index will reach 15,500 by the end of the year, up
about 14 percent from the end of 2013 and a gain of just around 3 percent from...
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Canadian Stock Market Rally Seen Cooling In 2015: Reuters Poll - Yahoo News
Toronto Stock Exchange's S&P/TSX composite index will reach 15,500 by the end of the year, up
about 14 percent from the end of 2013 and a gain of just around 3 percent from Wednesday's
close, the poll showed. The median forecast in the poll of 41 market analysts and strategists taken
over the past week showed the TSX then rising about 6 percent from where it is now to 16,000 by
mid-2015. The Canadian benchmark index has been one of the best performers among its global
peers this year, rising about 11 percent and repeatedly hitting all-time highs. While markets have
benefited from loose monetary policies from global central banks, improving macroeconomic
conditions and low volatility, uncertainty remains about when the U.S. Federal Reserve will raise
interest rates. "I would think that there's still room for the TSX to move higher," said Craig Fehr,
Canadian market strategist at Edward Jones in St. Louis, Missou
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