TSX Composite Index Outlook

On Monday the Canadian Stock Market (TSX) fell below the important 15450 level but managed to regain its footing and push back above it.

TSX Composite Index Falls 67.75 Points

The afternoon recovery in the TSX Composite Index left the day with a 0.44% loss for a drop of 67.75 points to close at 15,480.13.

Investors remain concerned over the direction the Trump Administration will take with Canada. A re-opening of the NAFTA trade deal could easily hurt the Canadian economy in a number of areas despite assurances from Prime Minister Trudeau.

Canadian Natural Resources was down 4.2 percent to $39.24 and Suncor Energy fell 1.9 percent to $41.47. Eight of the ten sectors on the TSX Composite Index were lower on Monday.

Materials group however was up 1.4 percent as investors expect precious and base metals to do well if the Trump Administration moves forward with its plans to boost infrastructure spending.

Here is the Canadian Stock Market outlook for Tuesday Jan 24 2017.  The outlook includes the latest update to the TSX Market Direction Portfolio.

The rest of the Canadian Stock Market Outlook for tomorrow is for FullyInformed Members.

TSX Composite Index – Canadian Stock Market Outlook for Jan 24 2017



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