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Top 5 big economic surprises from 2014

Canadian consumers and investors had a lot to cheer, complain and scratch their heads about in 2014. The S&P/TSX composite index hit an all-time high in September, oil prices fell by almost half in recent weeks and Canada’s housing market kept on climbing, defying expectations for yet another year.

BMO Capital Markets chief economist Doug Porter has come out with a list of what surprised investors in 2014 and what they can expect in 2015. Here’s a hint: Alberta is losing some of its bragging rights and the value of your home won’t collapse. By Brenda Bouw.