While Canada's economy battles with stubborn inflation and heightened interest rates, portfolio managers are placing their bets on how this environment might impact the S&P/TSX Composite Index in the second half of this year.
While Canada’s economy battles with stubborn inflation and heightened interest rates, portfolio managers are placing their bets on how this environment might impact the S&P/TSX Composite Index in the second half of this year.
As we approach the latter half of the year, BNNBloomberg.ca asked several experts what they expect to see from the TSX over the coming months. Canada’s main index is heavily exposed to oil and bank stocks, both of which Bushell does not anticipate a lot of upside from in the remaining six months of 2023.
“I can see the TSX ending the second half of this year in a double-digit negatives – this would be a lot more likely than double digit positives,” he said.Contrary to Bushell’s call, another portfolio manager is anticipating an upside scenario.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P/TSX composite down more than 200 points in broad based decline | Globalnews.caS&P/TSX composite down more than 200 points in broad based decline
Read more »
S&P/TSX composite up more than 100 points, U.S. stock markets also higher | Globalnews.caS&P/TSX composite up more than 100 points, U.S. stock markets also higher
Read more »
Everything Coming to Netflix Canada in June 2023 | Elle CanadaFrom neverhaveiever Season 4 to amyschumer's new comedy special, here is what's coming to netflix Canada this month.
Read more »
Canada's economy grew more than expected in Q1, putting pressure on BoCCanada’s economy grew 3.1 per cent annually in the first quarter of the year, Statistics Canada said on Wednesday, a stronger increase than what analysts or the Bank of Canada expected.
Read more »
Salimah Mussani on the optimistic future of women's golf in CanadaTeam Canada women's coach Salimah Mussani chats with Golf Talk Canada's Bob Weeks about the optimistic future of women's golf in Canada.
Read more »
Statistics Canada to release GDP figures for the first quarter of 2023 today - BNN BloombergStatistics Canada is set to release today its latest reading on how the economy fared in March, as well as for the first quarter of the year.
Read more »