TSX Market Direction Outlook For Sept 8 2014

The outlook for the Toronto Stock Exchange for Friday was for the TSX to move slightly lower. The unemployment report for August disappointed with the loss of 11,000 jobs and the unemployment rate remaining unchanged at 7 percent. Analysts had predicted 10,000 new jobs would be added. These numbers continue to point to weakness in the Canadian economy. This will most likely assist in keeping interest rate at historic lows into the winter months.

The market direction fell in the morning on the back of the unemployment news until around 11:00 when it bottomed at 15,525.16. For the rest of the day the market pushed back up and by the close it was at 15,585.20 before it dropped in the last one minute of trading to close at 15,569.92 down just 6.87 for the day. However if not for the last-minute the market basically recovered all the day’s losses and was ready to turn positive for the close.

The rest of this TSX market direction outlook article is for members.

TSX Market Direction Outlook for Sept 8 2014

FullyInformed Canada Members can can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Sept 8 2014 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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