The Toronto stock market will rise moderately for the rest of the year since its surge in January, but the potential recovery in the global economic outlook will push the index to a record high in mid-2020, according to a Reuters survey.
The S&P/TSX composite index rebounded more than 12% this year after falling in the last quarter of 2018, as investors worried about global growth prospects.
Last October, Canada became the first industrialized country to legalize leisure cannabis. The top three performers were cannabis producers, including Cronos Group Inc., whose shares almost doubled.
Hot Model No.: