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TSX Market Direction Outlook For May 30 2014

May 29, 2014 | Stock Market Outlook

Canadian Imperial Bank of Commerce (CIBC) reported disappointing earnings and revenue. The drop of CIBC Stock which trades under the symbol CM dragged all the financials except for Bank of Nova Scotia stock lower. Add in further declines in base metals and the Toronto Stock exchange closed lower for the day but off the lows.

One bright spot was PrairieSky stock which debut at $28 and closed the day at $37. This is a subsidiary of Encana. The other bright spot was BlackBerry stock which rose 6 percent on comments from CEO John Chen who announced that the odds of BlackBerry surviving have improved to 80%.

TSX Market Direction Outlook for May 30 2014

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