By Brian Madigan LL.B.
It is always interesting to see whether the "experts" really know what they are talking about.
So, here's a quick sampling of several experts, forecasting their expectations after looking closely into the crystal ball for 2010:
Economic Growth For Canada
Stewart Hall of HSBC Securities says the economy will grow by 2.4% in 2010.
Camilla Sutton of Scotia Capital expects the Canadian dollar to be at par with the US dollar by mid year, and to go above that for the rest of the year.
Eric Lascelles of TD Financial Group expects higher bond yields in 2010. He thinks the bank rate will not move until the end of the year.
Tom Caldwell of Caldwell Securities sees an "upside to the market". The bank stocks should do well in 2010.
Michael Gregory of BMO Capital Markets expects the bank rate (currently at 0.25%) to move a full percentage point in the last half of the year in 25 basis point increments.
Patricia Mohr of Scotiabank expects prices to move upwards in 2010, particularly "premium grade hard coking coal" which is expected to increase by 32%. Oil prices are expected to reach $90.00/barrel US. Gold will hold onto its value.
Well, are any of those predictions right? Who knows? We won't know until this time next year. But, they are supposed to be the "experts".
What about your crystal ball?
Brian Madigan LL.B., Realtor is an author and commentator on real estate matters, Royal LePage Innovators Realty