The Market Direction Outlook for the Toronto Stock Exchange for Wed Apr 8 2015 was for stocks to be mixed with a chance for a move lower or a slightly higher close. The slightly higher close won out with the TSX up 24.76 points by the close to 15,213.60.
This marks the 5th up day for the TSX and the best run-up since February. It was however another day where much of the day’s gain was given back by the close.
The biggest push higher on Wednesday came from the financials and in particular Manulife Financial Stock which rose 2 percent on the news that DBS Group will market Manulife products in the lucrative markets of Singapore, Hong Kong, China and Indonesia. It is costing Manulife $1.6 billion C$ to partner with DBS Group.
Gold pulled back again as did oil followed by a drop in the Canadian dollar to 79.76 cents US.
For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for Thurs April 9 2015.
TSX Market Direction Outlook for April 9 2015
FullyInformed Canada Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange or members can sign in to the full Canada members site here. Investors can join FullyInformed’s Canada section or read about the benefits of being a member through this link.
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