Toronto Stock Exchange (TSX) (2024)

FAQs

Is the TSX expected to rise? ›

GSPTSE) , opens new tab to advance 2.7% to 23,750 by end 2024, eclipsing the 22,500 expected in a May poll. On Monday, the index closed at 23,116.39, a record high. The index is then expected to rise to 24,350 by end 2025, a gain of 5.3%, versus May's forecast of 24,300.

It was expanded to include 500 companies in 1957. Between 1957 and 2021, the index averaged an annualized rate of return of roughly 11.88%. If you look at the TSX Composite Index ¹, over the 50 year period from November 30, 1971 to November 20, 2021, the average annualized return was 7.94%.

Historically, the Canada Stock Market Index (TSX) reached an all time high of 23669.05 in September of 2024. Canada Stock Market Index (TSX) - data, forecasts, historical chart - was last updated on September 16 of 2024.

In 2000 the TSE became part of a publicly traded company, TSX Group Inc.; two years later the exchange adopted TSX as its abbreviation. In 2008 the TSX Group acquired the derivatives market Montréal Exchange Inc. (MX) and changed its name to the TMX Group.

Our 2024 forecast for the S&P/TSX Index year-end price target of 23,500 on earnings of $1,500 constitutes a decided snap-back year – and well within the historical average for stock market returns – only accentuating the return to normalization.

The average price target is C$90.56 with a high forecast of C$120.15 and a low forecast of C$72.86. The average price target represents a 15.69% change from the last price of C$78.28.

The long-term annual rate of return on the S&P/TSX Composite Index (TSX) was 9.3% per year between 1960 and 2020. 1 We expect average returns for Canadian equities to be in the range of 6.0% to 7.5% and average returns for long-term fixed-income investments to be in the range of 3.0% to 3.5% over the long term.

All periods show annualized returns. All data is for the period ending 12/31/2022. Past performance is not a guarantee of future results. Since inception in January 1993, the Edward Jones Stock Focus List has provided an average annual total return of 9.6% compared to 9.5% for the S&P 500.

Why did TSX fall? ›

Aug 1 (Reuters) - Canada's main stock index fell by the most in six months on Thursday as investors worried that weaker economic data globally could be a sign that the Federal Reserve has waited too long to begin its interest rate cutting campaign.

Which Canadian Corporation Has the Greatest Market Capitalization? With a market value of 142.03 billion Canadian dollars as of 2024, Royal Bank of Canada topped the list of companies.

All transactions are conducted in Canadian dollars. The TSX is owned by TMX Group, which also owns the Montreal Exchange, the TSX Venture Exchange, and the Canadian Derivates Clearing Corp.

The average price target is C$7.18 with a high forecast of C$10.00 and a low forecast of C$4.75.

The average price target is C$24.64 with a high forecast of C$26.95 and a low forecast of C$22.96.

LAC Stock 12 Month Forecast

Based on 6 Wall Street analysts offering 12 month price targets for Lithium Americas Corp. in the last 3 months. The average price target is C$5.81 with a high forecast of C$10.00 and a low forecast of C$3.38. The average price target represents a 90.34% change from the last price of C$3.05.

(Bloomberg) -- Canada's stocks benchmark, the S&P/TSX Composite Index, has closed above 23,000 points for the first time as investors rotate into value, commodity and low-volatility stocks. The S&P/TSX rose 1.3% to close at 23,110.81 points on Wednesday, led by the information technology and energy sectors.