As stock markets rise, Canadian investors are expressing increasing economic optimism, and British Columbians are no exception.
In a TD Bank Group survey released July 7, more than four-in-ten B.C. respondents – 44% – said they believe the value of their investments will increase over the next year.
This is up two percentage points from 2013.
Across Canada, the number grows to 49%, which represents a jump of eight percentage points from 41% in 2013.
The survey also found that 20% of investors in B.C. and across Canada plan to increase the proportion of their income they plan to invest if they see stock markets continuing to improve.
“With stock markets hitting record highs recently, it’s understandable why investors are in a buoyant mood and looking to invest a bigger share of their income,” said Bob Gorman, TD Wealth chief portfolio strategist.
“But even if markets slip back somewhat, there are great opportunities for investors to continue to earn solid returns if they choose a balanced portfolio that offers the prospect of growth while respecting their individual tolerance for risk.”
The top three forms of investment in both B.C. and Canada, according to the survey, were mutual funds, GICs and individual stocks and shares.
