Tuesday Aug 8 was the first day back for the TSX Composite Index after the long Civic Holiday weekend. The day opened with the index climbing thanks in large part to the financial sector which posted moderate gains.
As well Valeant Pharmaceuticals International Stock (VRX) moved higher, jumping to $21.52 early in the day and then pulling back to close up 3.08% at $19.74. The Great Canadian Gaming stock (GC) rose 18% to $30 on news that Brookfield Business Partners would be acquiring key GC assets in the Toronto area with exclusive rights to operate these assets for 22 years.
However as the day wore on news of North Korean having in their possession a nuclear warhead was followed by tough talk from President Trump which seemed to leave open the door of a military response. This sent stocks lower and wiped out the rally in Canada and the United States.
Here is the Market Breadth Indicator outlook for Wednesday Aug 9 2017 after the close of trading on Tue Aug 8 2017.
The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members.
TSX Composite Index – Market Breadth Outlook For Aug 9 2017
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