Wednesday was a better day for the TSX Composite Index. While not as strong a rally as was seen south of the border, the TSX moved higher on the strength of the banking sector. Investors are betting on the Bank of Canada raising interest rates soon, which they believe will benefit the banking sector.
The banking sector rose almost a full percent.
Oil futures rose the most in more than a week on reports that US production had decreased. By the close of the day the TSX Composite Index was up 74.36 to close at 15,355.58.
This article looks at the market breadth indicators from June 28 2017 and views the outlook for Thursday Jun 29 2017.
The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members.
TSX Composite Index Market Breadth Outlook for June 29 2017
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