TSX set for a record 2020 if it can keep riding U.S. momentum, BMO forecasts

Financial Post | Nov 22, 2019 at 5:50 PM
  • The Toronto Stock Exchange could set new records next year if it can continue to catch a ride on U.S. economic momentum.
  • The bank sees foreign investment in Canada set to rise because it’s at near record lows and North America is a more appealing destination for capital than other regions.
  • Turning to the U.S. stock market, BMO forecasts the S&P 500 could advance to 3,400 points next year from its current position around 3,100 as economic momentum continues while inflation remains in check.