We recently compiled a list of the Best TSX Stocks To Invest In Now. In this article, we will look at where Agnico Eagle Mines (NYSE:AEM) ranks among the best TSX stocks to invest in now.
Canada’s Economy Shows Signs of Stabilization
According to Deloitte, the Canadian economy is showing signs of stabilisation after three years of turmoil, with inflation steadily declining since June 2022. Canada’s economy grew stronger in the first half of 2024 than previously forecast, but the pace of recovery is expected to be limited in the second half of the year due to slower household spending. The updated forecast projects real GDP growth of 1.2% for 2024, followed by 2.6% growth in 2025, with real GDP per person falling by 1.6% in 2024 before clawing back to gain 1.1% growth in 2025.
The Bank of Canada has begun to ease its monetary policy, paving the way for stronger economic growth. However, the pace of monetary easing is uncertain, and…
