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0.00315075133301024 0.00169655841008241 0 -0.00290838584585549 -0.00169655841008224 0.00169655841008258 1.7221103629668E-16 -0.00193892389723699
Stock impact report

Canadian stocks set for meagre 2018 gains: Strategists [Business News Network (BNN) Energy & Resources (Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Canadian stocks set for meagre 2018 gains: Strategists Investors counting on a rebound in Canadian stocks following a lackluster 2017 are likely to be disappointed. Canada’s equity benchmark will rise about 4.4 per cent in 2018, a return that would lag last year’s 6 per cent gain that trailed most global indexes, strategists say. The S&P/TSX Composite Index will end the year at 16,928, compared with 2017’s closing mark of 16,209, according to the average of nine estimates compiled by Bloomberg. This compares with an average year-end forecast of 2,875 for the S&P 500 Index in the U.S, a projected gain of 7.5 per cent. "A lot of people who are bullish are looking at valuations and thinking Canada’s got to play catch-up," said Sadiq Adatia, who oversees about $20 billion as the chief investment officer at Sun Life Global Investments. "I don’t buy into that story." Sun Life has the most bearish forecast, calling for the benchmark to end the year at 15,200, a decline of 6.2 per cent. Adati Show less Read more
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