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 on the back of the unemployment report, rising to 76.37 cents US.
TSX Composite Index Rises 111.82 Points
On Friday the rally extended gain by 0.72%. The TSX Composite Index closed at an all-time high of 15,729.12 ending the Sept 3 2014 high of 15,657.63.
9 out of the 10 sectors of the TSX Composite Index rose on Friday.
Here is the Canadian Stock Market outlook for Monday Feb 13 2017. The outlook includes the latest update to the TSX Market Direction Portfolio and Market Breadth Outlook.
The rest of the Canadian Stock Market Outlook for tomorrow is for FullyInformed Members.
TSX Composite Index – Canadian Stock Market Outlook for Feb 13 2017
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