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The Canada housing market may be headed for a mild correction, but it should not scare investors for the long term. The post Why the Canada Housing Correction Could Be Short appeared first on The Motley Fool Canada.
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Inside the Market’s roundup of some of today’s key analyst actions
Image source: Getty Images In late April, I’d discussed whether the Canada housing market will correct in the near term. The market has built considerable momentum in the face of the COVID-19 pandemic. Even international observers are beginning to pay close attention to the momentum in the Canadian market. Today, I want to look at three reasons the Canada housing market could continue to soar in 2021. The state of Canada housing as we move into May The Bank of Canada (BoC) hosted its policy meeting last month. It retained Canada’s benchmark rate at 0.25%. The central b...
Markets In a report issued on April 23, Geoffrey Kwan from RBC Capital maintained a Hold rating on IGM Financial (IGIFF – Research Report), with a price target of C$44.00. The company’s shares closed last Friday at $33.21, equals to its 52-week high of $33.21. According to TipRanks.com, Kwan is a 3-star analyst with an average return of 3.3% and a 55.5% success rate. Kwan covers the Financial sector, focusing on stocks such as Brookfield Asset Mng, Element Financial, and Equitable Group. IGM Financial has an analyst consensus of Hold, with a price target consensus of $32.20, a -1.8% down...
Markets In a report issued on April 23, Geoffrey Kwan from RBC Capital maintained a Buy rating on Element Financial (ELEEF – Research Report), with a price target of C$18.00. The company’s shares closed last Friday at $11.68, close to its 52-week high of $11.69. According to TipRanks.com, Kwan is a 3-star analyst with an average return of 3.3% and a 55.5% success rate. Kwan covers the Financial sector, focusing on stocks such as Brookfield Asset Mng, Equitable Group, and IGM Financial. Element Financial has an analyst consensus of Strong Buy, with a price target consensus of $13.58, a 16...