The Canadian Stock Market Outlook for Wednesday was for the TSX Composite Index to close higher, which it did despite the larger US markets plunging..

TSX Composite Index Rises 13.02 Points

The TSX Composite Index fell early in trading on Wednesday but then quickly recovered as oil moved higher. Both energy and the bank sector led the market higher on Wednesday. By 11:00 AM the TSX Composite Index was trading above 13820. By lunch hour that rally had been cut back to 13790 but the TSX Composite Index traded around 13790 for the lunch hour and into the early afternoon. A second rally attempted to retake the 13820 level again but failed and the market drifted lower to close just below 13790 at 13,788.21.

TSX Composite Index Chart Intraday for May 11 2016

TSX Composite Index Chart Intraday for May 11 2016

…………the rest of the Canadian Stock Market Outlook for Tomorrow is for members.

TSX Composite Index – Canadian Stock Market Outlook for May 12 2016

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