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?