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Scott Barlow’s 5 bold market predictions for 2014

One of the best statements about investing was told to me by former CI fund manager Bill Sterling: “Investing is a probability game, not a certainty game.” With this in mind, here are five predictions – where I believe the balance of probabilities lies – for 2014.

U.S. equities outperform the S&P/TSX, again
For the decade starting in 2002, Canadian investors could point and laugh at U.S. markets while the loonie and the TSX rocketed past them. But the tailwinds behind the Canadian economic miracle – the weaker-U.S.-dollar/stronger-commodity-price trend, credit-driven economic expansion in the emerging markets and declining domestic interest rates imported from the U.S. financial crisis – rolled over in 2013.