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TSX Composite Index – Canadian Stock Market Outlook For Dec 16 2016

Dec 15, 2016 | TSX Composite Index - Canadian Stock Market Outlook

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Thursday was a tough day for the TSX Composite Index. The US dollar rally hammered gold and stocks with Barrick gold down 4.4% to $18.68 and Yamana Gold down 5.9% to $3.51. However energy stock rose as did financials. Six of the 10 sectors on the TSX Composite Index rose, but considering the depth of Wednesday’s plunge, Thursday’s gain of just 21.13 points didn’t erase much of Wednesday’s loss.

TSX Composite Index Rises 21.13 Points

The TSX Composite Index ended the day on Thursday Dec 15 2016 with a gain of 0.14% to close at 15,218.31. Of notable interest was a 17% decline in Empire Company Stock (EMP.A) which ended the day at $15.52. They reported a sharp decline in quarterly profit as same-store sales dropped unexpectedly.

Here is the Canadian Stock Market outlook for Friday Dec 16 2016.  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 Dec 16 2016



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