On Friday the Toronto Stock Exchange outlook was for stocks to rise. The US jobs numbers on Monday were down slightly from expectations and this helped to weaken the Canadian dollar. With the drop in the US dollar, resource stocks recovered some lost ground. This helps the TSX move ahead once more.
The Canadian October unemployment report saw 43,000 jobs created which was far above estimates for job losses following a strong September report. Our unemployment rate declined to 6.5 percent which is a six year low.
The rest of this TSX market direction outlook article is for Canada Members.
TSX Market Direction Outlook for Nov 10 2014
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