The Canadian Stock Market on Friday was heavily influenced by events south of the border. The larger USA markets moved considerably higher following news of a roll-back in progress on the Dodd-Frank regulations. This will mean banks will have less restrictions on loans which also means Canadian banks with operations in the USA will also benefit.
Banks both in the US and Canada led their respective indexes higher.
TSX Composite Index Rises 77.28 Points
The TSX Composite Index rose on half a percent on Friday closing the day at 15,476.39. This places the TSX Composite Index back above the 15,450 level and within easy striking distance of 15500. However during the day on Friday the index did move to 15500 only to be rejected which could be a signal for more volatility on Monday.
Here is the Canadian Stock Market outlook for Monday Feb 6 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 6 2017
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