Canada's main stock index recovered on Thursday from Wednesday's two-month low after the government announces its plans to increase public spending. Still, investors remained concerned about the pace of economic recovery as virus cases continue to soar worldwide, which will most likely lead to additional lockdowns and another drop in the world's economic activity. Materials stocks were among the best performers as gold prices rebounded.
Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 17970.51 in February of 2020. Canada S&P/TSX Toronto Stock Market Index - data, forecasts, historical chart - was last updated on September of 2020.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 15635.21 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 15102.18 in 12 months time.