On Wednesday Feb 22 2017, the TSX Composite Index had its worst day in 3 weeks which considering the drop was just 92 points or 0.58% if nothing to be concerned about.
It also goes to show just how strong the TSX Composite Index has been over the past 3 weeks in order for today’s drop to be the worst in that time period.
TSX Composite Index Falls 92.15 Points
The drop on Wednesday left the TSX Composite Index at the 15,830.22 level. The drop was primarily confined to the commodities sector although bank stocks were also a bit weak.
On days like today drops are biggest in those mining stocks like Canadian Natural Resources which was down 4.2% to $38.16 and Cenovus Energy Stock down 4.7% to $17.88.
Teck Resources dropped 3% to $28.29 and Barrick Gold Stock (ABX) fell 1.3% to $26.10.
Here is the Canadian Stock Market outlook for Thursday Feb 23 2017. The outlook includes the latest update to the TSX Market Direction Portfolio and Market Breadth Outlook.
The rest of the Canadian Stock Market Outlook for tomorrow is for FullyInformed Members.
TSX Composite Index – Canadian Stock Market Outlook for Feb 23 2017
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