The Toronto Stock Exchange's S&P/TSX composite index traded higher on Monday, lifted by energy shares as oil prices rose amid signs of a recovery in fuel demand as several countries across the globe continue to ease lockdown measures. Meantime, escalating tensions between the US and China as a US official warned sanctions against China if Beijing implements a new security law on Hong Kong. Canadian investors will closely monitor a new round of corporate earnings with big banks reporting this week, including Nova Scotia, Bank of Montreal, Royal Bank of Canada and Toronto-Dominion Bank.
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 May of 2020.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 14745.49 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 14242.79 in 12 months time.