TSX expected to shatter records in 2020

The S&P/TSX composite index should gain at least 10 per cent for the year, pushing it to about 19,000 points while outpacing U.S. markets, says Macan Nia, senior investment strategist at Manulife Investment Management.

Another could be the result of the Democratic primaries if Bernie Sanders or Elizabeth Warren win the party's nomination to take on U.S. President Donald Trump. For now, there's a lot of optimism as the Phase 1 trade agreement between China and the U.S. has tamed investor anxiety. The TSX gained 1.9 per cent last week and 2.9 per cent year-to-date after gaining more than 19 per cent in 2019.Markets were propelled by strong U.S. housing starts that were at the highest level since 2006 and factory output improving 0.2 per cent in December.

The Canadian dollar traded for 76.56 cents US compared with an average of 76.66 cents US on Thursday.

Source: News Formal (newsformal.com)

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