The outlook for the Canadian Stock Market for Monday was for stocks to continue their advance. Instead, the TSX Composite Index fell back as oil slipped below $45 a barrel and Bank of Nova Scotia announced a $275 million restructuring charge as they downsize the number of employees. Bank of Nova Scotia is not the first bank to announce such charges as all the banks are working toward some form of restructuring to continue to generate good profits at a time when interest rates are so low.
TSX Composite Index Falls 85.82 Points
The TSX Composite Index fell back triple digits on Monday reaching 13,836.38 intraday before closing at 13,865.63 off the lows of the day…….the rest of the Canadian Stock Market Outlook for Tomorrow is for members.
TSX Composite Index – Canadian Stock Market Outlook for May 3 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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