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The TSX will go nowhere this year, says BMO analyst

While a number of strategists have been issuing outlooks suggesting the Canadian stock market will finally catch up and maybe even outperform Wall Street this year, BMO Nesbitt Burns analyst Brian G. Belski isn’t among them.

In a strategy note today, he reiterated a ho-hum year-end 2014 target for the S&P/TSX composite index of 13,575. That’s virtually where it’s at on this first trading day of the year.