Last year saw a recovery in the Canadian stock market in the second half as the Bank of Canada began interest rate cuts. The TSX Composite Index rallied 18% in 2024, with a 15% rally in the second half. Within seven months, the Bank of Canada slashed interest rates from 5% to 3%. Such steep rate cuts accelerated the rally of tech, real estate, and infrastructure stocks, sending them to their all-time or multi-year highs.
The 2024 success of the Canadian stock market isn’t over
The end of 2024 saw a pullback as the U.S. presidential election outcome created uncertainty around policies. However, that doesn’t mean the 2024 success story is over. There are still growth opportunities for the Canadian stock market in 2025.
Bombardier stock
Bombardier (TSX:BBD.B) stock rallied 92% in 2024 as the rising revenue and profits drove the stock price. The business jet maker improved its adjusted earnings before interest, tax, depreciation,…
