North American stocks will deliver another positive performance in 2013 with the U.S. setting the tone, according to a forecast from a Canada-based financial institution.
BMO Financial Group, Toronto, released this prediction today as part of an economic and market analysis of 2012. The forecast also calls for the following:
The S&P 500 will attain a price target of 1,575 for 2013, up 9.38 percent from its current level, with earnings of $106.
The S&P/TSX will reach 12,900, up 4.11 percent from its current level, with earnings of $900.