TSX Composite Index – Canadian Stock Market Outlook for June 28 2016

The Canadian Stock Market on Friday dropped 1.69%, and on Monday it dropped 1.45% for a loss of 202.09 points. Over the past two days the index has lost 441 points. While not the biggest two-day drop it is the largest since February and erased all of June’s gains.

TSX Composite Index Down 202.09 Points

The TSX Composite Index continued to experience selling on Monday. The TSX Composite Index fell to close at 13,689.79. Financials took a hit today with Royal Bank of Canada and Bank of Nova Scotia leading declines with a fall of at elast 1.9 per cent.

Manulife Financial dropped 5.07% to close near its low today of $16.47. Energy producers Encana Corp dropped 6.27 per cent and First Quantum Minerals plunged 6.9 per cent. Gold stocks gains were mixed today with Barrick Gold Stock up 3.56% but Goldcorp up just 0.67%…………..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.

TSX Composite Index – Canadian Stock Market Outlook for June 28 2016

FullyInformed Members can log in through this link to read the latest Canadian Stock Market Outlook for tomorrow for the TSX Composite Index or they can sign in to the full members site here. Non-members can join here or review the benefits of a membership.

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