UBS Securities Canada Inc. says that it now expects TSX earnings to rebound by 40% next year, on higher commodity prices.The firm raised its oil price forecast. The UBS energy team is now expecting oil to average US$58.25 this year, up from its previous forecast of US$51, and it sees oil at US$70 next year, […]
Stability in the financial services sector has improved significantly in recent months
Markets are far too fixated on the slow, halting, return to growth scenario
Conditions remain weak globally for consumers
Firms expect sales growth to gradually pick up over the next year
Canadian economy forecast to grow by 2.7% in 2010
Canadian exports will tumble by 21% in 2009 and activity levels will remain low in 2010, as growth will be a relatively meager 6.6%
Firm recommends that there’s “enough upside” ahead to justifying staying in stocks
Although the economy is pulling out of an unprecedented recession, it is expected to be sluggish, it says
BetaPro survey reveals that the percentage of advisors bearish on the S&P/TSX 60 has almost doubled