Canada’s TSX lost 121 points or 0.7% to 17,538 on Friday in a volatile trading session to end a three-day rally, as stimulus uncertainty in the US continued amid rising COVID-19 hospitalizations. On the domestic side, Statistics Canada said retail sales grew 0.4% in October, led by motor vehicle and parts dealers. On the commodities front, crude oil prices rose by 1% to $48.9 per USD and booked its highest level since February and the seventh straight weekly advance. During the week, the TSX edged down 0.1 percent.
Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 17970.51 in February of 2020. Canada S&P/TSX Toronto Stock Market Index - data, forecasts, historical chart - was last updated on December of 2020.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 17449.93 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 16855.03 in 12 months time.