Canadian investors are optimistic about the stock market, but many plan to take the slow and careful route in 2013, according to a survey conducted by investment firm Franklin Templeton.
The survey showed that 60% of Canadian investors believe the domestic stock market will rise in value. Only 22% plan to invest aggressively in the stock market.
By contrast, 31% of American investors said they would take a more risky approach, while 39% favoured a conservative strategy.
"Even though the markets are up and Canadians think they will continue to rise, they're concerned about investing in equities," said Ronice Barlow, head of business development for Franklin Templeton Investments. "The dramatic market drop in 2008 continues to stand out in their minds."
The survey also showed:
- American investors see stocks as essential, whereas Canadians do not; and
- young Canadians (aged 25 to 34) are likely to be the most conservative investors, but show more willingness to invest abroad.
