The S&P/TSX composite reversed early losses to close 0.2% up at 20,977 on Monday, its highest on record, as solid gains in the energy, industrial and technology sectors offset weakness in mining stocks. Still, market sentiment was tempered by concerns over slowing economic growth and fears of persistent inflation. Meanwhile, Prime Minister Justin Trudeau's new government is set to impose higher taxes on Canadians, but analysts say it could be not enough to start paying down the country's record levels of debt, leaving Canada vulnerable to the next economic crisis.
Historically, the Canada Stock Market Index (TSX) reached an all time high of 20985.37 in October of 2021. Canada Stock Market Index (TSX) - data, forecasts, historical chart - was last updated on October of 2021.
The Canada Stock Market Index (TSX) is expected to trade at 20566.04 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 19517.55 in 12 months time.