The TSX lost 70 points or 0.5% to 15193 but pared some of the losses after President Trump announced no further trade-specific disputes with China as tensions with Hong Kong intensify. However, relations between China and Canada soared after a court in Canada decided to continue with Huawei CFO Meng Wanzhou extradition case to US. Meanwhile, recent data showed the Canadian economy shrank by 2.1% qoq in Q1, the most since Q1 2009, due to the coronavirus pandemic. On the corporate side, oil companies outperformed as WTI prices booked their best month ever, jumping 87% in May. During the week, the TSX gained 1.9%.
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 May of 2020.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 15018.11 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 14506.11 in 12 months time.