A poll that Stockhouse Publishing Ltd. conducted between July 26 and August 1 found that 49.6% of investors intend to make new investments in Canadian equities within the next 60 days.
Other findings from the poll identified that 83% of those who intend to invest will purchase natural resource stocks from either the mining or oil and gas sectors and 34% will invest in safer large capitalization and dividend-paying stocks.
“We think this is very good news for the Canadian markets,” said Stockhouse CEO Marcus New, who is a former Business in Vancouver 40 Under 40 winner.
“This poll clearly shows that after months of declining prices and volumes, investors are actively engaged in the markets and are looking for great value in a number of sectors.”
The poll found that:
21% of investors intended to sell stock to buy stock;
29% of investors intended to buy stock with existing cash;
18% of investors intended to sell stock to raise cash; and
32% of investors intended to do nothing.
