Canadian Stocks Set for Meager Gains in 2018, Strategists Say
- Average forecast calls for 4.4% gain for the S&P/TSX Composite
- Most bearish estimate is 15,200; most bullish is 18,000
Photographer: Norm Betts/Bloomberg
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Investors counting on a rebound in Canadian stocks following a lackluster 2017 are likely to be disappointed.
Canada’s equity benchmark will rise about 4.4 percent in 2018, a return that would lag last year’s 6 percent gain that trailed most global indexes, strategists say.