Canada Market Bounces Back
After dropping to 7870 in early activity the TSE 300 enjoyed a bullish reversal and closed up 26.2 points to 7981.7. While the U.S. employment report shows a slowing U.S. economy, it did increase hope for a 50 basis point cut at the May FOMC -- a boost for stocks. Note the impressive bullish reversals in the U.S. indices. On the week the TSE 300 is up a negligible 14.4 points. Another choppy week is likely next week.
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