Canada's main stock index is set to extend its record-setting rally in the coming months and through 2025 as lower borrowing costs offset the potential drag ...
TORONTO - Canada 's main stock index is set to extend its record-setting rally in the coming months and through 2025 as lower borrowing costs offset the potential drag on corporate earnings from slower economic activity, a Reuters poll found.
"We do not believe the bull market is over, and we would use any pullbacks, such as the one experienced in August, as opportunities to rebalance, diversify, and deploy fresh capital," said Angelo Kourkafas, a senior investment strategist at Edward Jones. Canada's unemployment rate remained at a 30-month high of 6.4% in July, while the country's freight rail network could come to a grinding halt on Thursday unless labour agreements are reached.
Investors expect nearly 200 basis points of additional easing by the end of 2025 and the U.S. Federal Reserve to begin cutting interest rates next month. Credit: Ukrinform/Cover Images Heavy smoke clouds cover the Ternopil region in the western part of Ukraine after a Russian air strike hit an industrial facility.Canada's main stock index is set to extend its record-setting rally in the coming months and through 2025 as lower borrowing costs offset the potential drag on corporate earnings from slower economic activity, a Reuters poll found.
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