Canada’s stock market may be headed for another leg higher as corporate earnings approach fresh record levels, according to Scotiabank strategists. The firm projects that third-quarter profits for companies on the S&P/TSX Composite Index could surpass the previous record of $405 per share, with consensus forecasts already nearing $400. Scotiabank analysts said strong U.S. bank earnings are a positive sign for Canadian financial institutions, which make up about 30% of the TSX index. Canada’s major banks a ...

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says there are "pockets of concern," but a "very resilient and robust economy which should be supportive of not only the credit market, but also the stock market," and lists the three factors he sees as a tailwind for markets over the next 3-6 months. ...