The Canadian equity market will continue building on its strength from 2024 despite lingering political uncertainties, experts forecast. But investors should prepare for more volatility and be patient as the pace of gains is expected to be a bit slower.
There’s a strong mandate for the current bull market to continue in the new year despite tariff threats from the U.S. and political uncertainties in Canada, said Angelo Kourkafas, senior investment strategist at Edward Jones.
“When we take a step back and look at the foundation … it is ongoing economic growth,” Kourkafas said. “It is rising corporate profits and the outlook for lower interest rates at a gradual pace and all these things will remain in place for 2025.”
The S&P/TSX composite index hit record heights in 2024 and ended 18 per cent higher for the year.
Kourkafas predicts the uptick will continue for another year “but likely, we are going to see…
