For FullyInformed Canada members here is the Market Direction Outlook for the Toronto Stock Exchange for June 1 2015.
The outlook for the Toronto Stock Exchange for Friday was for the index to move lower once again. Despite the jump in oil prices, stocks sank on the back of a decline of 0.6 percent in the nation’s GDP. The drop caught almost every analysts by surprise as prompted Statistics Canada to revise its GDP forecast to 2.2 percent from 2.4 percent.
Investors dumped shares and in particular pushed financial stocks lower following their latest profits which showed an increase but did show signs of slowing profits due to the continued slump in oil prices.
TSX Market Direction Outlook for June 1 2015
FullyInformed Canada Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange or members can sign in to the full Canada members site here. Investors can join FullyInformed’s Canada section or read about the benefits of being a member through this link.
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