Toronto S&P/TSX Composite to rise 2.7% by year-end and 5.3% by 2025 – Reuters Poll
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While the U.S. major market averages command a chunk of attention, other indexes within North America, specifically Canada, are in focus as Reuters conducted a poll on the Toronto S&P/TSX Composite Index (GSPTSE). The survey suggested that the index will rise 2.7% by year-end and 5.3% by the end of 2025.
Per the Reuters poll, the GSPTSE is expected to advance to 23,750 or 2.7% by the end of 2024 and push up to 24,300 or 5.3% by the end of the 2025 trading year.
Taking a deeper dive into Canadian focused stocks and investors will notice that 89 Canadian companies trade on the New York Stock Exchange, and listed below are the 10 best performing ones in 2024:
No. 10 – Alamos Global (NYSE:AGI) +45.3% YTD.
No. 9 – Agnico Eagle Mins (NYSE:AEM) +47.3% YTD.
No. 8 – Greenfire Resources (NYSE:GFR) +47.5% YTD.
No. 7 – Seabridge Gold (SA) +51.3% YTD.
No. 6 – Kinross Gold Corp. (KGC) +54.7% YTD.
No. 5 – Skeena Resources (SKE) +55.7% YTD.
No. 4 – Endeavour Silver Corp. (EXK) +63.4% YTD.
No. 3 – Celestica (CLS) +84.5% YTD.
No. 2 – Gatos Silver (GATO) +92.2% YTD.
No. 1 – Iamgold Corp. (NYSE:IAG) +102.4% YTD.
For further Canadian focused positions, investors can also monitor a handful of exchange-traded funds that provide exposure to the region. Some funds are as noted: (BBCA), (EWC), and (FLCA).