While Canada's economy battles with stubborn inflation and heightened interest rates, portfolio managers are placing their bets on how this environment might impact the S&P/TSX Composite Index in the second half of this year.
While Canada’s economy battles with stubborn inflation and heightened interest rates, portfolio managers are placing their bets on how this environment might impact the S&P/TSX Composite Index in the second half of this year.
As we approach the latter half of the year, BNNBloomberg.ca asked several experts what they expect to see from the TSX over the coming months. Canada’s main index is heavily exposed to oil and bank stocks, both of which Bushell does not anticipate a lot of upside from in the remaining six months of 2023.
“I can see the TSX ending the second half of this year in a double-digit negatives – this would be a lot more likely than double digit positives,” he said.Contrary to Bushell’s call, another portfolio manager is anticipating an upside scenario.
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