It has been a sneaky bull market for TSX stocks in 2024. The TSX Index is up 8.2% this year. Everyone has been expecting the worst for the economy and stock market as interest rates remain elevated.
So far, things have been decent. Certainly, the TSX has lagged the S&P 500 Index in 2024. Its total return is half that of the S&P 500 (which is up 17%). However, 8% is above the long-term TSX average return of 5 to 6% per year.
The TSX could be due for catch-up trading. Here are three Canadian stocks that could be set to soar in 2024.
This TSX stock benefits from a real estate turnaround
Colliers International Group (TSX:CIGI) has been in no-man’s zone lately. Colliers is a major commercial property broker around the world. Elevated interest rates have caused property transactions to significantly decline. That has impacted Colliers results.
However, many investors don’t appreciate the fact that Colliers is a diversified real…
