Canada’s main stock index traded higher on Wednesday, with the benchmark S&P/TSX trading above 19,250 for the first time ever after closing virtually flat in the previous session boosted by higher oil prices and as investors expect Canada’s Liberal government to spend big when it presents its first budget in two years next week. Canada has been hit by a third wave of coronavirus cases, with some regions reimposing restrictions, particularly Ontario.
Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 19309.19 in April of 2021. Canada S&P/TSX Toronto Stock Market Index - data, forecasts, historical chart - was last updated on April of 2021.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 18982.86 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 18335.69 in 12 months time.