On Thursday Fed 23 2017, , the TSX Composite Index fell another 49 points continuing to add losses to what is now a two-day decline after setting an all-time high on Tuesday Feb 21.
Today’s move in the index though was fairly wide with a push to 15,931.39 intraday and the a drop back to close almost at the low of the day.
The all-time high is 15,943.09 and today’s original rally came very close to reaching it before sellers stepped back into the market and pushed the index lower.
TSX Composite Index Falls 49.02 Points
The drop on Thursday was 0.31% and left the TSX Composite Index at 15,781.20.
Banks commenced their reporting season with Canadian Imperial Bank of Commerce Stock releasing strong returns, beating analysts estimates which sent the stock up 1.2% by the close to $119.40.
On Friday before markets open Canada’s biggest bank reports, Royal Bank Of Canada. Estimates have revenue coming in at $9.6 billion and earnings at $1.77 a share.
Here is the Canadian Stock Market outlook for Friday Feb 24 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 24 2017
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