Canada’s TSX lost 337 points or 1.9% to 17,320 on Friday and booked its worst week since October, dragged down by the slow vaccine rollout, surging coronavirus cases and valuation and speculative trading concerns in the US. On the pandemic front, Canada announced on Thursday it expects a further delay in Pfizer Covid-19 vaccine deliveries in the next few weeks. On the macro side, Canada’s economic activity expanded for the seventh month in a row rising 0.7 percent in November, but preliminary estimates suggested the economy posted its largest contraction ever, with GDP seen down 5.1% on the year. During the week, the TSX lost a sharp 2.9%.
Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 18058.61 in January of 2021. Canada S&P/TSX Toronto Stock Market Index - data, forecasts, historical chart - was last updated on February of 2021.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 17454.14 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 16859.09 in 12 months time.