TORONTO—Canada’s main stock index will climb to a record high by the end of the year as the prospect of higher global inflation boosts the appeal of its resource shares, a Reuters poll found, but a rising recession risk will cap the index’s rise in 2019.
The median forecast from the poll of over 30 portfolio managers and strategists was for the Toronto S&P/TSX composite index to rise 5.5 percent from Monday’s close to 16,580 by the end of 2018, nearly matching the 6 percent gain in 2017.
