With the fall season and Thanksgiving upon us, BMO Nesbitt Burns suggests that now is the appropriate time for Canadians investors to reflect on the various economic and market factors that make them feel grateful.

“As a result of a strong stock market, a thriving real estate sector and low unemployment rates, Canada remains relatively stable,” said Stéphane Rochon, head of private client research and retail equity strategist, BMO Nesbitt Burns, in a release.

“The outlook for the remainder of 2014 and into 2015 is positive; a multi-year bull market is a strong possibility.”

According to a BMO study, when Canadian investors were asked to choose which regions they are most confident in from an investing perspective, Canada was ranked number one, with 58 per cent feeling optimistic about Canadian markets. This was followed by:

  • United States (34 per cent)
  • Asia (29 per cent)
  • Europe (21 per cent)

Rochon outlined several factors for which Canadians investors should be thankful this year:

> An increase in Canadian exports
While the Canadian dollar remains low compared to the greenback, this helps the manufacturing sector as it makes Canadian exports more competitive.

> A thriving real estate market
The value of Canadian homes is at an all-time high. On average, Canadian homes are 66 per cent more expensive than U.S. homes (the average house price in Canada is $410,000, while the average house price in the U.S. is $246,000).

> Low inflation and low unemployment rates
Both of these factors contribute to positive stock performance and the overall success of the Canadian economy.

> Strong financial sector performance
Canadian banks have performed well this year, with solid quarterly revenues and profits contributing to high stock prices.

> Stable political environment
Canada remains a country with a peaceful political environment–one of the biggest reasons for investors to be grateful. Having this stability affects all aspects of the Canadian economy and helps lead to a secure financial infrastructure.

“While things are relatively stable in Canada, global events could lead to significant market volatility; it’s critical that investors stay alert but not act on headlines alone,” said Rochon.

“It’s important to maintain a well-diversified portfolio which balances risks and returns, as well as periodically review one’s investments to make sure they are aligned with one’s financial goals.”