Global Markets: Estimates peg TSX to end 2019 up 16 per cent

By Commodity News Service Canada
WINNIPEG, Jan. 2, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally.
After what was the worst year for stocks since 2008, Canadian equity strategists are predicting double-digit gains for 2019. Predictions are placing the S&P/TSX Composite Index to end 2019 at 16,644, up 16 per cent from the 2018 close. If this does happen, it would be the biggest increase since 2016, when stocks gained 18 per cent.
Factory activity slowed across most of Europe and Asia in December as the United States/China trade war and a slowdown in demand hit production, offering little reason for optimism as the New Year begins. A series of purchasing managers’ indexes showed declines or slowdowns in manufacturing activity across the globe. In China, the Caixin/IHS Markit PMI shrunk for the first time in 19 months.

A new report from the Canadian Centre for Policy Alternatives has calculated of the more than 1,200 named executive officers at 249 publicly traded companies in Canada, women earn about 68 cents for every dollar made by their male counterparts. The gap closes to 86 cents for women and men in senior manager roles. However, the larger gap means on average men earn about C$950,000 more than women in similar executive positions.

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