Last week’s poll results are in and they’re not too surprising. This week’s question looks ahead to next year on the markets.
We asked advisors which was most likely to increase in 2015: interest rates, oil prices or the Canadian dollar. Although we didn’t get a huge number of responses – too be expected just days before Christmas – the clear consensus is for oil prices to rise in 2015, which should be good news for energy stocks and by extension, the S&P/TSX Composite Index.
The composite index is up 10.3% year-to-date through December 24. So, unless a calamitous event takes place between now and the end of the year (three days left in 2014), the S&P/TSX will be in the black for a third consecutive year.
Can it make it four in a row? Click here