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TSX Market Direction Outlook For Mar 5 2015

Mar 5, 2015 | Trade Alerts and Ideas, TSX Composite Index - Canadian Stock Market Outlook

The Market Direction Outlook for the Toronto Stock Exchange for Wednesday was for a lower close. We got that, but at least the TSX did push back dramatically from a triple digit loss to close down just 51.01 points or 0.34%. A fairly nice comeback for stocks. In general though the decline on Wednesday was fairly broad with almost all sectors joining in. The lead decliners though were primarily in mining, energy and financials.

The Canadian dollar moved back up to 80.54 cents US, after the Bank Of Canada announced it was holding the 0.75% interest rate for yet at least one more month and not reducing the interest rate further at this time.

Meanwhile Gold Bullion fell to $1200.90 US an ounce and appears ready to once more continue the long bear market it has been in. Oil surprisingly moved higher into the end of the session on Wednesday to close at $51.53 despite the report that crude inventories rose by 10.3 million barrels last week. This was almost triple the estimates of 3.7 million barrels. Basically, the world is awash in oil.

The rest of this TSX Market Direction Outlook article is for FullyInformed Canada members.  … read more.

For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for March 5 2015.

TSX Market Direction Outlook for Mar 5 2015

FullyInformed Canada Members can login through this link to read the market direction outlook for the Toronto Stock Exchange for March 5 2015 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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