Canada’s main stock index, the S&P/TSX, bounced back firmly on Thursday, recovering from the losses of the past two sessions, aided by a broad recovery in risk appetite and a rebound in commodities, which lifted shares in oil & gas and materials by more than 2%. Among other sectors, financials also did well, rising more than 1%, followed closely by tech stocks, while industrials bucked the trend. Foreign trade data from Canada showed a trade surplus of C$ 5.32 billion in May, well above market expectations of C$ 2.4 billion, as higher oil & oil product prices boosted exports to a fresh record high of C$ 68.44 billion.
Historically, the Canada Stock Market Index (TSX) reached an all time high of 22213.07 in April of 2022. Canada Stock Market Index (TSX) - data, forecasts, historical chart - was last updated on July of 2022.
The Canada Stock Market Index (TSX) is expected to trade at 18433.21 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 17205.33 in 12 months time.