Toronto’s main stock index fell for the second day in a row on Tuesday as investors have become concerned about the pace of economic recovery as virus cases continue to soar worldwide. The United States, Russia and France are setting records for COVID-19 infections, sparking fears that restrictions to tackle the second wave will hit business activity. Aurora Cannabis Inc and Teck Resources Ltd were the biggest laggards on the TSX, falling 8.8% and 5.8%, respectively. Colliers International Group Inc jumped 11.5% to be the largest percentage gainer on the index after the real estate service provider reported upbeat quarterly results.
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 October of 2020.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 15836.70 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 15296.79 in 12 months time.