TSX Composite Index – Canadian Stock Market Outlook

TSX Composite Index is the primary Canadian stock market located in Toronto, Ontario Canada. This is the daily TSX Composite Index Canadian Stock Market outlook which reviews the day’s activity to predict the next trading day’s outlook.

TSX Composite Index – Canadian Stock Market Outlook For Feb 15 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Feb 15 2017

On Tuesday Feb 14 2017, the TSX Composite Index managed another gain marking 5 straight up trading days and leaving the index at its highest level to date. TSX Composite Index Rises 29.45 Points The increase on Tuesday was 29.45 points which left the TSX Composite Index at 15,786.03. Once again, energy stocks and financial stocks led the TSX higher. Most analysts are now indicating that if all oil producers, not just OPEC producers, fail to cut production, the second half of 2017 will see…

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TSX Composite Index – Canadian Stock Market Outlook For Feb 13 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Feb 13 2017

On Friday Feb 10 2017 the TSX Composite Index closed at a new record high pushed there by financial stocks and energy stocks. The rise of oil prices came at a perfect time as the latest unemployment report showed Canada created 48,000 new jobs, far more than expected and on the back of December’s better than expected report. Both of these reports point to better growth prospects for the Canadian economy. The unemployment rate drifted to 6.8 percent from 6.9 percent. The Canadian dollar rose…

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TSX Composite Index – Canadian Stock Market Outlook For Feb 10 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Feb 10 2017

On Thursday Feb 9 2017 the TSX Composite Index moved higher thanks to a rise in oil which push the energy sector higher, followed by financial stocks. TSX Composite Index Rises 63.26 Points Whereas on Wednesday gold stocks had led the TSX Composite Index higher, today it was energy and financials with a total of 7 of the indexes 10 sectors rising on Thursday. The index closed at 15,617.30, up 0.41%. This is the highest level in 2 weeks and places the TSX Composite Index…

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TSX Composite Index – Canadian Stock Market Outlook For Feb 9 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Feb 9 2017

Wednesday Feb 8 2017, saw the TSX move higher by 55.24 points following 6 days of trying to regain the 15500 level. TSX Composite Index Rises 55.24 Points The morning started off poorly as oil prices had pulled back which originally sent the energy sector lower. But as the day wore on oil prices recovered and the energy sector recovered and moved up 0.2 percent by the close. While not all energy stocks joined in the recovery back, it was enough to push gold stocks…

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TSX Composite Index – Canadian Stock Market Outlook For Feb 7 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Feb 7 2017

Monday saw the TSX Composite Index weighed down by energy stocks, pulled lower as oil prices fell. With 7 of the 10 sectors of the TSX lower on Monday, the real standout was gold stocks as bullion moved to the highest level in 3 months. Barrick gold rose 3 percent and Goldcorp stock was up 3.7 percent. TSX Composite Index Falls 19.45 Points Losses were slight on Monday with the TSX Composite Index pulling back just 19.45 points. The pullback left the index at 19,456.94…

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TSX Composite Index – Canadian Stock Market Outlook For Feb 6 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Feb 6 2017

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…

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TSX Composite Index – Canadian Stock Market Outlook For Feb 3 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Feb 3 2017

For Thursday the Canadian Stock Market, the TSX Composite Index, ended the day down just slightly. It closed at 15,399.11 by the end of the day. TSX Composite Index Falls 3.28 Points The TSX Composite Index is moving sideways rather than up or down over the past three trading days. Since falling below the important 15450 level the TSX Composite Index is exhibiting some weakness but no sell-off has occurred. Six of the 10 groups of the TSX were lower. Sun Life Financial Stock was…

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TSX Composite Index – Canadian Stock Market Outlook For Jan 31 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Jan 31 2017

The outlook for Monday January 30 for the Canadian Stock Market was for stocks to remain weak and move lower. The move down however was larger than anticipated. TSX Composite Index Falls 170.69 Points The fall on Monday encompassed a decline of 1.1%. The low point for the day was 15,366.68. The TSX Composite Index managed to close back above that level to end the day at 15,405.12. Today’s sell-off left the TSX Composite Index below the important 15450 to 15500 technical support level. Here…

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TSX Composite Index – Canadian Stock Market Outlook For Jan 30 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Jan 30 2017

On Friday Jan 27 2017, the Canadian Stock Market moved lower by just a quarter of a percent. 5 of the 10 sectors of the TSX Composite Index moved slightly lower on Friday thanks in part to oil price declining along with gold prices. Suncor fell a full percent to close at $41.32 but Rogers Communications continued its climb for a second day reaching $56.77 and nearing the 52 week high of $58.99. TSX Composite Index Falls 39.71 Points The fall on Friday left the…

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TSX Composite Index – Canadian Stock Market Outlook For Jan 27 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Jan 27 2017

On Thursday Jan 26 2017, the TSX Composite Index pulled back from Wednesday’s record setting close. It was led lower by the materials sector which was down 1.5 percent and the energy sector which fell 1.1 percent. Financials however continued strong and Rogers Communications Stock (RCI.B) roared higher by 6.58% to its highest close since September. TSX Composite Index Falls 28.32 Points The fall on Thursday as extremely minor leaving the TSX Composite Index at 15,615.52. The move lower was largely uneventful and primarily profit-taking.…

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TSX Composite Index – Canadian Stock Market Outlook For Jan 25 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Jan 25 2017

On Tuesday the TSX Composite Index moved above the prior January high on a broad rally of 130.56 points. The gain was 0.84% which left the index at the Upper Bollinger Band at the close of trading. TSX Composite Index Rises 130.56 Points The jump on Tuesday left the TSX Composite Index at its highest level in more than two years. The rally in large part was the result of President Trump signing an order allowing TransCanada Corp to resubmit its application for the Keystone…

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

Categories: TSX Composite Index - Canadian Stock Market Outlook

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

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…

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TSX Composite Index – Canadian Stock Market Outlook For Jan 20 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Jan 20 2017

On Thursday Jan 19 2017, the Canadian Stock Market spent the day holding its position at the 21 day moving average following 3 days of losses. The recovery on Thursday was muted at just 11.96 points.  Gold fell lower on Thursday along with the Canadian dollar. TSX Composite Index Rises 11.96 Points The slight gain on Thursday left the TSX Composite Index at 15,409.81. Two stocks that stood out on Thursday were Canadian Pacific Railway (CP) which released strong earnings for the final quarter but…

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TSX Composite Index – Canadian Stock Market Outlook For Jan 19 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Jan 19 2017

On Wednesday the TSX Composite Index pulled back on a decline in oil prices as concerns continue to mount on whether OPEC production cuts will be enough to keep oil prices higher. With US shale producers coming back into the oil market, crude prices are once more under pressure. A rise in the US dollar also pressure oil and gold prices on Wednesday. TSX Composite Index Falls 43.51 Points The decline on Wednesday of 43 points adds a third day of losses. All together the…

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TSX Composite Index – Canadian Stock Market Outlook For Jan 18 2017

Categories: TSX Composite Index - Canadian Stock Market Outlook

TSX Composite Index – Canadian Stock Market Outlook For Jan 18 2017

On Tuesday the TSX Composite Index moved slightly lower once again. This is the second day of small declines. TSX Composite Index Falls 37.93 Points The decline was again small at just a quarter of a point and much of it was led by financials. Here is the Canadian Stock Market outlook for Wednesday Jan 18 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…

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