The Toronto stock market finally shows some spunk [Toronto Globe and Mail (Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
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Source: Toronto Globe and Mail
The Toronto stock market finally shows some spunk Briefing highlights These are, obviously, very early days, but 219 has already “been a very good year” for the Toronto stock market, Bank of Montreal’s chief economist notes. “We’re only 12 trading days in, but the index has advanced 6.2 per cent, which would already rank it fourth-best among the past nine years (sadly),” Douglas Porter said of the S&P/TSX Composite Index. “It’s also been up every session so far in 219, except for Jan. 3, and has now run its daily winning streak to a nice round 1,” he added in a report. Story continues below advertisement “It’s also up a roaring 1.4 per cent from the lows hit on the Nightmare Before Christmas.” Mr. Porter’s comments come as global markets rally across the board this morning, buoyed by further hopes of trade tensions easing between the U.S. and China. Mr. Porter noted that the benchmark Canadian index has “broken decisively” above its 5-day moving average, though remains far below t
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