2015 Financial Predictions – March Update

For the last couple of years, just for kicks, I made some financial predictions by looking into my cloudy crystal ball. Here is a recap of what I think might happen in 2015 and where I’m at with some predictions.

• The Dow Jones Industrial Average will finish the year at 19,400.

It opened 2015 at 17,823.07. At the time of this post it is at 17,749.

• The S&P/TSX Composite will finish the year at 15,700.

It opened 2015 at 14,635.07. At the time of this post it is at 14,731.

• Our Canadian Dollar will finish the year at $0.85 compared to the US Dollar, relatively flat for the year.

It opened 2015 at $0.848. At the time of this post it is at $0.78.

The following Canadian companies will increase their dividend at least once in 2015:

• TransCanada Pipelines (TRP)

In February, TRP increased their dividend by 8%.

• Telus (T)

We will probably need to wait until summer 2015 to see if Telus will hike their dividend.  I think they will by about 5%.

• Canadian Utilities (CU)

In January, CU raised their dividend by 10%.

• TD Bank (TD)

Although the CEO expects a “tough” 2015, TD Bank decided to increase their dividend by almost 9% last month.

• Fortis (FTS)

We will probably need to wait until fall 2015 to see if Fortis increases their dividend so stay tuned.

Do you make any market predictions, also for fun?

Mark

My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I'm looking to start semi-retirement soon, sooner than most. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.